Latest news with #eNCAMoneyDesk
eNCA
05-07-2025
- Automotive
- eNCA
SA's automotive sector changing fast with cheaper Chinese brands entering market
JOHANNESBURG - South Africa's automotive sector is changing fast with cheaper Chinese brands entering the market. Traditional brands are struggling, and many are starting to close down. BMW has had its own challenges. eNCA Money Desk anchor, Rofhiwa Madzena, spoke with BMW SA CEO Peter van Binsbergen about the current trends and the auto manufacturer's plan of action to deal with the changes.
eNCA
05-07-2025
- Automotive
- eNCA
Tariffs threaten export sector
JOHANNESBURG - South Africa's automotive sector is changing fast with cheaper Chinese brands entering the market. Traditional brands are struggling, and many are starting to close down. BMW has had its own challenges. eNCA Money Desk anchor, Rofhiwa Madzena, spoke with BMW SA CEO Peter van Binsbergen about the current trends and the auto manufacturer's plan of action to deal with the changes. "Tariffs are bad for our auto industry because the South African auto industry is export-driven, and ideally we need tariff-free access to the markets we support," he said.
