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Here’s how Africa is driving the car export game? South Africa and Morocco are leading the way, exporting over 350K cars to Europe every year, worth a combined $7 billion! 🔥 From BMWs to Fords, Africa is powering the roads of France, Spain, and beyond! 🌟 #CarExports #MadeInAfrica #SouthAfrica #Morocco #GlobalTrade #AutoIndustry #cars #africa | Fahad Riaz
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[IN CONVERSATION] South Africa’s automotive industry is showing strong signs of recovery, with new vehicle sales reaching a ten-year high and domestic sales up 14% year-to-date, supported by lower interest rates and easing inflation. However, rising imports, which now account for 65% of total sales, are threatening local manufacturers and the domestic component sector, prompting calls for policy reforms to strengthen local production. With opportunities in hybrid and electric vehicles and new re
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[IN CONVERSATION] South Africa's new-vehicle sales jumped 16.9% year-on-year in April, defying economic pressures like high interest rates and strained consumer wallets. A key driver is the rise of Chinese auto brands - affordable, tech-loaded and rapidly reshaping the local market, as brand loyalty gives way to budget-conscious choices. With vehicle prices down 8.6% and uncertainty over long-term resale value, industry players remain cautiously optimistic. CNBC Africa’s Rethabile Joala explains
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