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Supporting African Car Manufacturers

AFRICANGLOBE - African firms are hoping for a slice of the continent’s largely underdeveloped market for new cars, taking on global car giants like Japan’s Toyota and Germany’s Volkswagen. Africa’s 1 billion inhabitants account for only 1 percent of the world’s new passenger car sales according to industry data. And, South Africans bought over 85 percent of those vehicles.

Chinese Firm Makes Biggest Investment In South Africa’s Auto Industry In...

AFRICANGLOBE - A Chinese state-owned car manufacturer agreed to build an 11 billion-rand ($759 million) auto plant in South Africa, the biggest investment in a vehicle-production facility in the country in four decades.
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