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In 1996 and 1997, acting in terms of section 114 of the Customs and Excise Act, the Commissioner of the South African Revenue Service detained three vehicles belonging to First National Bank of South Africa (trading as Wesbank), intending to sell the vehicles to recover unpaid customs duties and penalties owed not by the bank but certain ...
The following year, it was merged with Ford South Africa to create the South African Motor Corporation (Pty) Ltd., known as Samcor for short. [15] In 1988, Ford Canada divested its equity interest in Samcor and donated most of it to the Samcor Employees' Trust. [16] However, Samcor continued to build Ford as well as Mazda and Mitsubishi ...
In 1988, Ford divested from South Africa and sold its 42 per cent stake in Samcor, although it would continue to sell Ford-branded automobile components for assembly and sale in the country. [ 6 ] In addition to Ford and Mazda products, Samcor also assembled Mitsubishi commercial vehicles, [ 7 ] with the Mitsubishi L300 minibus being badged as ...
In 2004, South Africa was responsible for the manufacture of 84% of all vehicles produced in Africa, 7 million of which are on the South African roads. Also in 2004, the industry made a 6.7% contribution to the GDP of South Africa and 29% of all South African manufacturers made up the country's automotive industry. 2004 also saw 110,000 ...
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In 1988, Ford withdrew from South Africa for economic and political reasons. [6] Samcor produced car and commercial vehicle models of the Ford and Mazda brands as well as the South African version of the Mazda 323 as Sao Penza. A source confirms the sale of the Mazda 323 under the Sao Penza brand name in the UK between 1991 and 1992. [7]
6 South Africa. Toggle South Africa subsection. ... Download QR code; Print/export ... WesBank Raceway, Gauteng; Kart tracks
The South African Rally Championship has seen the exciting development of the new Africa Rally 1 (AR 1) category car, competing in the NRC 1 class. A normal Aspirated 1600 Turbo, AWD car. The newcomers to this class are the Hyundai i 20, Mazda 2 and Toyota Starlet. These cars compete with the S2000 and old group N cars (Subaru's). A very ...