African Business News

Allan Gray is ranked second richest African

The latest African rich list sees the first ever appearance in a list of super wealthy individuals by Allan Gray, the founder of South Africa’s largest privately owned asset manager of the same name.

Publicity-shy Gray makes it to the number two slot with an

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Ford CEO to reaffirm car maker’s commitment to SA

FORD Motor Company CEO Alan Mulally is likely to reiterate his company’s commitment to South Africa when he speaks at the Johannesburg International Motor Show on Wednesday.

This would contrast sharply with the stance adopted by BMW, which in October threatened not to expand

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Mercedes-Benz to invest a further R3-billion in SA

Mercedes-Benz plans to push ahead with a R3-billion investment plan in South Africa that will see it increase local output to 100 000 units a year.

In an interview with Bloomberg news on Wednesday, the truck and luxury carmaker's South Africa chief executive Martin Zimmermann

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Auto Sector Agrees to 'Pull Together'

The Department of Trade and Industry (DTI), vehicle manufacturers and organised labour have committed to work together to ensure the long-term stability of South Africa's automotive industry.

During a meeting with Trade and Industry Minister Rob Davies in Pretoria on Thursday,

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