Market News

VENTURES AFRICA – South Korea’s Hyundai Motor Company, through its subsidiary, Hyundai Automotive South Africa has opened a new plant in Benoni, Guateng, as it looks to consolidate its position in a very competitive industry.   The automobile company is competing with the likes of . . .

SOUTH Korean car manufacturer Hyundai is preparing to build vehicles in South Africa.   The Seoul-based company’s local representative has confirmed it will assemble light delivery vehicles in Gauteng from next year and may manufacture cars in South Africa at a later stage.   Des . . .

Petroleum products refining company Engen announced in July that it had launched its Gengear XEP-series indus- trial gearbox oils for high performance under pressure applications onto the local market. After the recent introduction of the energy-saving hydraulic fluid Hydrokin ESF-series at custome . . .

Increasing local demand for diesel vehicles is pushing development of diesel fuels to become more environment friendly while increasing engine power, reports petroleum industry company BP. South African diesel-vehicle drivers will be able to benefit from BP’s latest-generation diesel fuel, wh . . .

Industrial products importer JSE-listed Hudaco has inked a deal to acquire automotive components distributor Partquip for R550-million, complementing the group’s existing automotive after-market businesses, which distribute clutches, seals and automotive bearings. “Partquip is an ideal . . .