Tag: car market

Toyota SA presses ahead with expansion despite COVID-19 headwinds

At a time when most companies are cutting back with their building, Toyota South Africa announcement a new R365 million parts warehouse construction. How are they doing this amid the restrictions of the lock-down and how sure are they that enough cars will be sold to make the project pay its way? Leon Theron, Senior Vice President of Sales & Marketing of Toyota joins CNBC Africa for more.

SA’s car market stuck in reverse gear as economy falters

South Africa’s Vehicle Pricing Index for the last quarter of 2019 has revealed that South Africa’s car market remains depressed and is likely to stay this way for the foreseeable future. Joining CNBC Africa to unpack more of the report and South Africa’s car market is Kriben Reddy, Head of Auto Information Solutions at TransUnion Africa and Ghana Msibi, CEO of Wesbank Motor Division.