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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 ...
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]
However, this badge engineering proved unpopular with many South African buyers and came to an end in 1998 when the Mondeo replaced the Telstar in this market. [5] 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 ...
The Japanese Toyota Motor Corporation initially acquired 27.8% of the shares in TSAM in 1996, increased this share to 75% in 2002 and finally to 100% in 2009. [1] [3] [4] In 2006, Toyota SA surpassed BMW South Africa as the country's largest automobile exporter. [5] In 2014, Toyota had 8,500 employees in South Africa. [6]
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 ...
Gates Industrial Corporation plc, based in Denver, Colorado, is a manufacturer of power transmission belts and fluid power products, which are used in diverse industrial and automotive applications. [1] The company employs over 15,000 and has sales and manufacturing operations in North and South America, Europe, Asia, Australia, and the Middle ...
General Motors South Africa (Pty) Ltd , or GMSA, was a wholly owned subsidiary of American automobile manufacturer General Motors. It manufactured and distributed automobiles under the Chevrolet, Opel and Isuzu brands. [1] [2] [3] The deal with Isuzu was approved by the Competition Commission on 27 November 2017. [4]
The figures are in billions of US dollars and are for the year 2019. All 14 companies from South Africa in the Forbes 2000 are listed. [2] *Despite the company being South African with Head Offices in South Africa, the company is listed as British by the Forbes 2000 ranking due to the entity's registered address in London.