AUTOMOTIVE – 1
South African automotive industry executives reaffirmed their commitment to industry transformation during meetings with African National Congress (ANC) leaders this week, at which they also presented an outline for a proposed R3.5-billion venture capital fund to support black enterprise development in the sector. Following the discussions, a media briefing was hastily convened and presided over by ANC treasurer-general Zweli Mkhize, ANC head of economic transformation Enoch Godongwana, BMW South Africa and sub-Saharan Africa CEO Tim Abbott, Nissan South Africa MD Mike Whitfield and Toyota South Africa Motors CEO Andrew Kirby.
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