Market News
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Govt now owns 100 % shares in General Tyre.
Posted on :Saturday , 22nd August 2015
The government has acquired 100 per cent stake in the defunct General Tyre East Africa (GTEA) in an effort to revamp the once model tyre manufacturing plant in East and Central Africa.
However, despite the previous arrangement that gave it the majority shareholder of 74 per cent with the German firm Continental Arktiengesellschaft (Continental AG) holding a 26. . .
Ford to begin assembly of Ranger pickup trucks in Nigeria
Posted on :Friday , 21st August 2015
Ford Motor Company has announced that it will begin assembly of the Ford Ranger pickup truck in Nigeria from Q4 2015 as part of its expansion plans for the Middle East and Africa
The pickup will be assembled in Ikeja, situated in Lagos State. For the project, Ford is partnering with its dealer group Coscharis Motors, stated the company.
Ford Middle Ea. . .
Tata Motors owned JLR continues to bet big on Middle East and North Africa
Posted on :Monday , 17th August 2015
Bruce Robertson, managing director for the MENA region for Jaguar Land Rover (JLR)
Nissan to announce production plans for Rosslyn plant by end - 2015
Posted on :Monday , 17th August 2015
Nissan South Africa (SA) would make an announcement on the production of new models at its Rosslyn plant, near Pretoria, by the end of the year, said Nissan SA MD Mike Whitfield on Tuesday. Print Send to Friend 0 0 Speaking at a media dinner in Johannesburg, he noted that he expected the announcement “to be positive”.
The Nissan SA plant currently produc. . .
New-car price increases boosting SA used-car market
Posted on :Monday , 17th August 2015
Around 174 000 used cars have been financed in South Africa in the first seven months of 2015, says Absa Vehicle and Asset Finance managing executive Wessel Steffens. Print Send to Friend 2 0 This is 5.35% lower than the number of used cars financed for the same period in 2014 (183 563 units), and 14.15% higher than the number of used cars financed for the first seven months of 2013 (152 203 un. . .
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