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Aug 13, 2024 | 
bizcommunity.com | Ryan Bubear |Eduardo Urzagasti |Lindsey Schutters |Tarryn Knight
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Hybrid cars represent a compelling de-carbonisation solution for South Africa due to several key factors that align with the country's unique challenges and opportunities. South Africa's energy landscape is dominated by coal, which has significant environmental implications due to its high carbon emissions. Hybrid vehicles offer a transitional solution by reducing reliance on fossil fuels directly for transportation.
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Aug 10, 2024 | 
bizcommunity.com | Eduardo Urzagasti |Lindsay Manuel |Karabo Ledwaba |Aa-isha Hassiem
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Production of BMW's new X3 has kicked off with production taking place in its Rosslyn plant for global export. The plant is the only facility to build the BMW X3 as a plug-in hybrid vehicle (PHEV). On 28 August 2024, BMW Group Plant Rosslyn ended the production of the third-generation BMW X3, totalling the number of BMW X3 cars built to 403,114 units.
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Jun 10, 2024 | 
bizcommunity.com | Wendell Roelf |Kate Abnett |Peter Fabricius |Eduardo Urzagasti
In a significant move to support local e-commerce entrepreneurs, the Trade, Industry, and Competition Ministry has announced new measures aimed at levelling the playing field between international e-commerce giants and local businesses. Photo by Brooke Cagle on UnsplashStarting next month, clothing items bought from international e-commerce retailers and packaged in small quantities will be taxed at the same rate as large quantities.
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Jun 6, 2024 | 
bizcommunity.com | David Bamford |Eduardo Urzagasti |Imran Salie |Melissa Murialdo
Passenger vehicle sales in South Africa for May 2024 experienced a significant decline, following brief relief in April. The market saw a year-on-year drop of 11.7%, with a total of 24,367 units sold. The National Association of Automobile Manufacturers of South Africa (NAAMSA) indicated that this decline can be attributed to various factors, including national election jitters, additional public holidays, and overall economic uncertainty.
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May 28, 2024 | 
bizcommunity.com | Eduardo Urzagasti |Brendan Seery |George Mienie
For years, Africa has been the dumping ground for inferior used cars from abroad. South Africa outlaws the importation of used vehicles. But each year around 30,000 illegal used car imports (often referred to as ‘grey imports’) leak into South Africa, coming from countries that import second-hand vehicles like SA’s landlocked neighbours Botswana, Lesotho and Eswatini (Swaziland), revealed Gary Scott: CEO of KIA South Africa.
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May 27, 2024 | 
bizcommunity.com | Eduardo Urzagasti |Peter Setou |Paul Makube
Wine industry leaders, stakeholders and media gathered at the Cape Town International Convention Centre (CTICC) on 23 May to share their vision for the future of the wine industry in South Africa. The message was clear: focus, believe, and implement strategies to seize opportunities, position SA wine as a leader in sustainability, and drive long-term growth and resilience.
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May 20, 2024 | 
bizcommunity.com | Eduardo Urzagasti |Emma Farge |Rachna Uppal
The EU insists that its plan to put a price on the carbon emissions of some imports from 2026 is intended purely to counter global warming. But South Africa contends that, in reality, the EU’s carbon border adjustment mechanism (CBAM) is a unilateral and protectionist trade measure that will cost the South African economy more than R2bn a year. EU trade commissioner Valdis Dombrovskis says the CBAM is designed to help the EU to reach its ambitious target of carbon neutrality by 2050.
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May 16, 2024 | 
bizcommunity.com | Eduardo Urzagasti
Stellantis has announced that the final building blocks for its automotive manufacturing site in South Africa have been laid, paving the way for construction to begin shortly at the Coega Special Economic Zone (SEZ) in Gqeberha, Nelson Mandela Bay the Eastern Cape. Stellantis, the world’s third-biggest automotive manufacturer by volume, and South Africa’s largest development funder, the Industrial Development Corporation (IDC) have concluded key milestones that will lead to a joint venture (JV).
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May 15, 2024 | 
bizcommunity.ug | Lebo Madiba |Eduardo Urzagasti |Imran Salie
In a contracting market, saddled by high interest rates and severe inflation, car buyers are letting go of their long-held brand loyalty and shopping with a sharper focus on value than ever before. Industry observers have been tracking this trend for a while now, witnessing new challenger brands gradually eroding the market share of established players. Which car brands get the most attention from new-car customers?
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May 15, 2024 | 
bizcom.to | Lebo Madiba |Eduardo Urzagasti
In a contracting market, saddled by high interest rates and severe inflation, car buyers are letting go of their long-held brand loyalty and shopping with a sharper focus on value than ever before. Industry observers have been tracking this trend for a while now, witnessing new challenger brands gradually eroding the market share of established players. Which car brands get the most attention from new-car customers?
