AUTOMOTIVE IMPORT SUBSTITUTION A GROWING IN REALITY

Replacing imported automotive products with locally manufactured finished goods and components is a growing reality. Ashok Thakur, Chief Executive Officer of KLT Automotive and Tubular Products SA, who has been involved in international business in Africa for the past 25 years, says that substitution of imported products in favour of locally manufactured goods is now a viable alternative.   “From being a dedicated supplier to only one motor company, KLT has created additional capacity and is currently serving four OEMs in South Africa, based on the quality of our locally-produced…

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Ramaphosa is launching the new Toyota in South Africa – in a big push to have more cars made locally

President Cyril Ramaphosa will on Tuesday visit the Toyota South Africa production plant in Durban, KwaZulu-Natal, to officiate the launch of the Toyota Cross Hybrid vehicle. He will be accompanied by Trade, Industry and Competition Minister, Ebrahim Patel, KwaZulu-Natal Premier Sihle Zikalala and the Mayor of eThekwini Municipality, Mxolisi Kaunda. The launch of the Cross Hybrid vehicle flows from Toyota’s investment commitment made at the 2019 South Africa Investment Conference. In a statement on Monday, the Presidency said this commitment now sees Toyota producing its first generation of hybrid electric vehicles…

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Bates Motors acquires Isuzu Truck World

  Caption: From left – Fortunate Mdanda, Sipho Mdanda – new owners Isuzu Truck World Kempton Park, Billy Tom – President and CEO Isuzu Motors South Africa.     Kwa-Zulu Natal-based Bates Motors, which is an authorised Isuzu Franchisee, has signalled its entry into Gauteng with a 100 percent shares acquisition of Isuzu Truck World in Kempton Park. The sale of Isuzu Truck World to Bates Motors has been funded through a combination of both own equity and debt through the newly launched Automotive Investment Transformation Fund (AITF) which focusses…

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BAIC SOUTH AFRICA LAUNCHES THE B40 PLUS SUV

BAIC B40 PLUS BREAKING BOUNDARIES IN THE SOUTH AFRICAN MARKET NEW SUV SET TO CHALLENGE THE STATUS QUO IN THE SOUTH AFRICAN LIFESTYLE MARKET Johannesburg, South Africa BAIC South Africa has officially announced the launch of their iconic SUV, the B40 PLUS today. The OEM, headquartered in Linbro Park, Johannesburg also boasts a local assembly plant in Coega, Eastern Cape which is set to create much-needed employment opportunities for the Port Elizabeth community. In addition, the facility, with a footprint of 10,000 hectares aims to produce 40,000-50,000 vehicles for local…

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NAACAM ANNOUNCES MBA SCHOLARSHIP IN REMEMBRANCE OF FORMER TOYOTA SA CHAIRMAN

From left: Mbusiswa Ngcobo, NAACAM Vice Chairperson for KZN and Commercial Director and Executive Chairman of Technique Manufacturing Corporation; Justin Barnes, TWIMS Executive Director; Andrew Kirby, Toyota South Africa President and CEO; Renai Moothilal, NAACAM Executive Director; and Ugo Frigerio, NAACAM President and CEO KAP Automotive The National Association of Automotive Component and Allied Manufacturers (NAACAM) is providing a full manufacturing-focused MBA scholarship at the Toyota Wessels Institute for Manufacturing Studies (TWIMS) for the intake 2022 intake.   The one-off scholarship will be awarded in memory of Dr Johan van Zyl,…

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Automechanika Johannesburg offers a new digital format for the international audience with a focus on industry and trade

Automechanika Johannesburg offers a new digital format for the international audience with a focus on industry and trade. Under the motto ‘Let’s talk Business’, this includes a series of panel discussions on current topics presented by key players in the industry, associations, and other stakeholders. Automechanika Johannesburg is proud to announce its involvement in the internationally renowned ‘Let’s Talk Business‘ series, which is in association with Absa. The webinar series will focus on industry-related topics,and will be aimed at facilitating conversations with key associations and stakeholders, both regionally and internationally.…

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Investing in our future means investing in skills development and apprenticeship

Just like the people of South Africa, the chemicals industry has been shaped by the challenges of our past and strives for continued growth and prosperity. Heritage Month – a time where we celebrate our cultural diversity and history – strikes me as a suitable time to reflect on the history of our country’s chemicals sector. Understanding this past is key to understanding the industry as it stands today, and how we can foster its growth into the future. Our chemicals sector dates back to the late 19th century, with…

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Dunlop celebrates rich heritage in South Africa

As South Africans observe Heritage Month in September, Dunlop, one of the most iconic and recognisable tyre brands in the world, is reflecting on its history as the country’s oldest tyre brand and longest serving tyre manufacturer on South African soil. Eight years after John Boyd Dunlop’s invention of the first practical pneumatic tyre in 1888, the Dunlop Pneumatic Tyre Company (SA) Limited was established in 1896 as the first tyre distribution depot in Cape Town, distributing imported tyres. This laid the foundation for the brand’s legacy of quality and…

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SUBARU SA TEAMS UP WITH TIMCA TO IMPROVE NUMERACY AROUND THE SOUTH AFRICA

Johannesburg, 13 September 2021 – Subaru Southern Africa has teamed up with South African NGO The International Math Club Alliance (TIMCA) to improve numeracy and mathematical competence in under-privileged communities around the country. TIMCA is an organisation that runs and co-ordinates maths clubs and workshops throughout the country. They empower children by teaching them mathematics, which improves their overall confidence, ability and agency to think for themselves. These clubs are predominantly run in under-privileged areas in partnership with schools, orphanages and for children with disabilities. Subaru Southern Africa has donated…

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Are multinational companies in the automotive industry in South Africa stifling growth?

The Guidelines for Competition in the South African Automotive Aftermarket need to be applauded and its implementation carefully monitored, particularly at a time when the economy is experiencing an unprecedented unemployment crisis.  Kate Elliott. Kate Elliott, CEO of Right to Repair SA, and a strong proponent for advocating for consumer choice and a free market which encourages fair competition, said the reality is that under certain conditions, totally free markets often fail to deliver optimal results. One reason for this is harmful conduct by firms that have grown too big…

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