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Components News
July new-car sales increased by only 1.3% year-on-year
By: Irma Venter 18th August 2023 Affordability becoming an issue in new-car market – WesBank New-vehicle sales showed marginal growth in July, inching up by 1.3%, to 43 389 units, compared with the same month last year. →
Principles help supplier maintain foothold
18th August 2023 Owing to its 100/0 principle, fastener specialist Bolt and Engineering Distributors (BED) Group’s Welkom branch, in the Free State, maintains a firm position as supplier of choice to the mining, agricultural, contracting, engineering and DIY sectors in the region. BED sells its range of lifting... →
Ineos Automotive acquires vehicle conversion business in Botswana
By: Irma Venter 17th August 2023 Ineos Automotive, the manufacturer of the Grenadier and Quartermaster, has acquired Botswana-based vehicle conversion specialist Kavango Engineering. The business has been renamed Ineos Kavango, with the founding members to remain involved in its operations. The purchase price has not been... →
Mahindra unveils new concept Pik Up; electric Thar
By: Irma Venter 17th August 2023 Indian vehicle manufacturer Mahindra has unveiled a new concept bakkie aimed at international markets, South Africa included. The new-look vehicle is a significant departure from the Bolero and Mahindra Pik Up models South Africans are familiar with, and appears more aligned with the... →
Chery, Absa and Innovation Group launch insurance offering
16th August 2023 Vehicle manufacturer Chery, banking and financial services provider Absa and insurance technology platform provider the Innovation Group in July officially launched an insurance partnership that aims to ensure post-warranty assurance for the growing number of Chery customers in South Africa.... →
Ford’s Silverton plant achieves record daily production volume
By: Irma Venter 11th August 2023 Ford South Africa’s Silverton assembly plant, in Pretoria, has achieved its highest daily production number yet – 704 vehicles. Based on three-shift 24-hour production, the plant is capable of producing up to 720 vehicles a day, or 200 000 vehicles a year. →
Mercedes, Super Group unveil blueprint for luxury dealerships
By: Irma Venter 11th August 2023 Mercedes-Benz South Africa (MBSA) has unveiled the second of its local dealerships to have adopted the German carmaker’s new ‘luxury’ retail brand appearance, launched globally in 2018, and in South Africa in 2019. The first dealership to carry the identity was in Sandton. However, the domestic... →
Toyota SA targets 2024 introduction of hybrid Hilux produced at Prospecton plant
By: Irma Venter 11th August 2023 Toyota South Africa Motors (TSAM) has confirmed that it is targeting the introduction of a mild-hybrid Hilux bakkie into the South African market next year. TSAM says the hybrid version of South Africa’s best-selling vehicle will be produced at its Prospecton plant, in Durban, alongside the rest... →
16 of TiAuto’s stores complete Phase 1 solar conversion
By: Irma Venter 11th August 2023 Sixteen of TiAuto’s retail stores have completed their conversion to solar power, as part of Phase 1 of a project to reduce the group’s dependence on Eskom and to move to renewable energy. The company notes that Phase 2 “is now well under way”, with the goal of having all TiAuto’s stores running... →
Stanlib Asset Management acquires Solareff, GridCars; enables PPAs
By: Irma Venter 7th August 2023 Stanlib Asset Management has acquired 51% of Solareff, through its Stanlib Infrastructure Fund II. Stanlib Asset Management is a local investor in sustainable infrastructure. →
Tyre industry welcomes anti-dumping duties on tyres from China
By: Irma Venter 31st July 2023 The South African Tyre Manufacturers Conference (SATMC) says it welcomes the decision by Minister of Trade, Industry and Competition Ebrahim Patel to impose antidumping duties on what it calls “unfairly traded” passenger, truck and bus tyres imported from China, following an investigation by the... →
SEZs instrumental in SA’s economic growth
28th July 2023 Trade, Industry and Competition Deputy Minister Fikile Majola last month reiterated his department’s commitment to enhance support to special economic zones (SEZs), which he referred to as important instruments for the economy. Addressing the SEZ Chief Executive Officers’ Forum in Kempton Park,... →
Better communication, planning key to addressing challenges
By: Bridget Lepere 28th July 2023 Steel and Technology group voestalpine High Performance Metals (HPM) plans to introduce Powder Metallurgical grades, upselling from conventional to higher grade materials where customers will benefit from longer tool life, within the automotive industry, working closely with its clientele to meet... →
Daimler’s Atlantis Foundries signs embedded solar power purchase agreement
By: Irma Venter 28th July 2023 Atlantis Foundries (AF) has signed a long-term power purchase agreement (PPA) with integrated energy solutions company Energy Partners (EP). According to the agreement, EP will engineer, finance, construct and operate the ground-mounted solar-energy system at AF’s production plant, comprising... →
Firm committed to youth development
28th July 2023 Tyre manufacturer Continental Tyre South Africa (CTSA) is tackling issues of employability in South Africa through its extensive range of youth development initiatives, ranging from student talent pool programmes to opportunities including apprenticeships, trainee pools, in-service trainees,... →
Cleaner fuel crucial – specialists
By: Bridget Lepere 28th July 2023 International Organisation for Standardisation- (ISO-) compliant tribology and lubrication specialist and supplier ISO-Reliability Partners is unlocking the hidden and lost value in business operations using its “world-class technology” to remove contaminants from fuels and lubricating oils.... →
Tyre manufacturer to boost local production with investment
By: Bridget Lepere 28th July 2023 A proposed new investment drive by tyre manufacturer and distributor Sumitomo Rubber South Africa (SRSA) – a division of Sumitomo Rubber Industries (SRI) – will enable SRSA to undertake a series of projects. These projects will improve local production capacity, expand product lines and create... →
Continental Tyre SA appoints new plant manager
By: Irma Venter 27th July 2023 Continental Tyre South Africa (CTSA) has appointed Olaf Kreis as the new plant manager for its Gqeberha operations. The Eastern Cape-based plant is the German company’s only tyre manufacturing facility in Africa. →
Isuzu adds made-in-SA AT35 to its D-Max line-up
By: Irma Venter 27th July 2023 Isuzu Motors South Africa (Isuzu SA) has added the Arctic AT35 to its locally assembled D-Max bakkie line-up, produced at its Gqeberha plant, in the Eastern Cape. Designed in collaboration with Icelandic overlanding vehicle specialist, Arctic Trucks, the AT35 is available in limited numbers, and... →
Considerations, opportunities for South Africa’s entrenched automotive manufacturing industry
By: Tasneem Bulbulia 26th July 2023 South Africa’s automotive manufacturing sector has been a real success story for the country but there are several challenges and considerations that stakeholders must grapple with, as well as opportunities that can be capitalised on, as changes unfold, including a move towards electric vehicles.... →
Volkswagen, Rwandan govt to establish ‘modern farm with electric tractors’
By: Irma Venter 21st July 2023 Volkswagen has signed a memorandum of understanding (MoU) with the government of Rwanda to establish “a modern farm with electric tractors”. The MoU was signed Agriculture and Animal Resources Minister Dr Ildephonse Musafiri, Volkswagen Mobility Solutions Rwanda CEO Serge Kamuhinda and... →
Hino SA appoints new VP, expects a healthy 2023 truck market
By: Irma Venter 21st July 2023 Anton Falck has been appointed as the new VP of Hino South Africa (SA). Falck takes his first step into the world of trucking as he replaces Ernie Trautmann, who has retired. →
SA tyre makers commit to net zero by 2050
By: Irma Venter 21st July 2023 All four of South Africa’s local tyre manufacturers have committed to achieve carbon neutrality by 2050. Bridgestone South Africa, Continental Tyre South Africa, Goodyear South Africa and Sumitomo Rubber South Africa – all members of the South African Tyre Manufacturers Conference (SATMC) – say... →
Toyota SA targets 2024, made-in-Durban hybrid Hilux introduction
By: Irma Venter 20th July 2023 Toyota South Africa Motors (TSAM) has confirmed that it is targeting the introduction of a mild-hybrid Hilux bakkie into the South African market next year. TSAM says the hybrid version of South Africa’s best-selling vehicle will be produced at its Prospecton plant, in Durban, alongside the rest... →
Stellantis South Africa moves into new, merged head office
By: Irma Venter 17th July 2023 Stellantis South Africa (SA) has taken the next step in merging its various brands in the domestic market by moving into a combined new head office in Midrand, Gauteng. Fiat Chrysler Automobiles South Africa (FCA SA) and Peugeot Citroën South Africa (PCSA) in 2021 officially merged into... →
BMW to invest R4.2bn to produce new X3, including plug-in hybrid, in South Africa
By: Irma Venter 14th July 2023 BMW will invest R4.2-billion over the next five years in its Rosslyn plant in South Africa to build the new-generation X3 sports-activity vehicle, including a plug-in hybrid electric vehicle (PHEV). South Africa will be the exclusive global supplier of the X3 PHEV, with internal combustion engine... →
Daimler’s Atlantis Foundries signs embedded solar power purchase agreement
By: Irma Venter 11th July 2023 Atlantis Foundries (AF) has signed a long-term power purchase agreement (PPA) with integrated energy solutions company Energy Partners (EP). According to the agreement, EP will engineer, finance, construct and operate the ground-mounted solar-energy system at AF’s production plant, comprising... →
Four Eastern Cape men in dock for allegedly stealing platinum plates worth R6.3m
By: News24Wire 11th July 2023 The Hawks have arrested four employees of a German car part manufacturer in Gqeberha for allegedly stealing platinum plates worth R6.3 million and selling them to scrap metal dealers. Minileit, the Gqeberha branch of Germany-based ISOLITE, is the largest supplier of exhaust systems to... →
Firm open to investing in the ‘right’ sectors in KZN
By: Bridget Lepere 7th July 2023 Black-owned private equity investment firm Agile Capital focuses on investments that drive sustainable development and have a demonstrable track record of growth and investment returns, with Agile Capital principal Elizabeth Kolobe noting that, unlike its rivals, it does not have exit timing... →
CSIR, AIDC partner to boost SMMEs, NEV knowledge in auto sector
By: Irma Venter 3rd July 2023 The Council for Scientific and Industrial Research (CSIR) and the Automotive Industry Development Centre (AIDC), a subsidiary of the Gauteng Growth and Development Agency, have signed a memorandum of understanding (MoU) related to the local automotive industry. The MoU provides a framework for... →
Hudaco reports strong interim result despite difficult market conditions
By: Darren Parker 30th June 2023 JSE-listed industrial products supplier Hudaco Industries has reported a strong performance amid a challenging six months ended May 31, with turnover having increased by 12.4% to R4.3-billion, profit by 0.3% to R293-million and operating profit by 2.8% to R465-million. Cash generated from... →
EV car sales to reach 22m a year in 2025, ICE sales in long-term decline
By: Irma Venter 30th June 2023 Electric vehicle (EV) adoption is set to soar in the coming years, with more than 100-million passenger EVs expected on the roads by 2026, and more than 700-million by 2040. This is a significant increase from the 27-million units recorded at the beginning of this year. →
BMW to invest R4.2bn to produce the new X3 in SA, plug-in hybrid included
By: Irma Venter 29th June 2023 BMW will invest R4.2-billion over the next five years in its Rosslyn plant in South Africa to build the new-generation X3 sports-activity vehicle, including a plug-in hybrid electric vehicle (PHEV). South Africa will be the exclusive global supplier of the X3 PHEV, with internal combustion engine... →
Hino SA appoints new VP; expects a healthy 2023 truck market as rail falters
By: Irma Venter 23rd June 2023 Anton Falck has been appointed as the new VP of Hino South Africa (SA). Falck takes his first step into the world of trucking as he replaces Ernie Trautmann, who has retired. →
SA tyre manufacturers commit to carbon net-zero by 2050
By: Irma Venter 22nd June 2023 All four of South Africa’s local tyre manufacturers have committed to achieve carbon neutrality by 2050. Bridgestone South Africa, Continental Tyre South Africa, Goodyear South Africa, and Sumitomo Rubber South Africa – all members of the South African Tyre Manufacturers Conference (SATMC) – say... →
Highly qualified automotive technicians becoming increasingly scarce – NADA
By: Irma Venter 22nd June 2023 Highly qualified automotive technicians are becoming increasingly scarce in South Africa, with their training now encompassing not only internal combustion engines, but also hybrid technology and battery electric vehicles. With most modern cars having upwards of 30 000 parts, and being more of a... →
AIDC launches BACS facility as part of incubation programme
21st June 2023 Gauteng Premier Panyaza Lesufi and Economic Development MEC Tasneem Motara in May officially opened the Batyi Automotive Component Supply (BACS) facility in Pretoria North. Tasneem Bulbulia explains. →
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