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 | Amanda Visser The reduced tax revenue target of R895bn for the fiscal year ending March will not be achieved given the expected drop in tax revenue‚ commentators say. Read more >>
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 | The Board of Directors of Fiat S.p.A. ("Fiat") recently approved a corporate reorganisation and the formation of Fiat Chrysler Automobiles ("FCA") as a fully-integrated global automaker. Read more >>
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 | Actis, the global emerging market investor, recently announced a 36% equity investment in the AutoXpress group, East Africa's leading tyre wholesaler and retailer. Read more >>
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 | Zeenat Moorad Shares in niche logistics group OneLogix jumped as much as 22.8% to an intraday high of R3.50 on Thursday (6 February 2014)‚ after the group reported revenue and operating profit were up more than 33% for the six months to November. Read more >>
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 | Allan Seccombe The African Development Bank plans to make a large investment in South Africa's automotive sector with the Industrial Development Corporation‚ after a US$200m investment in a manganese project. Read more >>
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 | Allan Seccombe Platinum demand could receive a boost from emerging market economies where stricter motor vehicle emission legislation is increasingly being enacted‚ which is good news for producers in SA, said Beresford Clarke from SFA (Oxford). Read more >>
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 | Nick Hedley In line with expectations‚ new vehicle sales started the year on a weak note‚ according to the National Association of Automobile Manufacturers of South Africa (Naamsa). Read more >>
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 | TOKYO, JAPAN: Japanese car manufacturers Nissan said its nine-month net profit jumped 18.4% as it benefited from a weaker yen and accelerating sales in North America and China. Read more >>
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 | NEW DELHI, INDIA: Tata Motors, India's top vehicle group, on Monday (10 February) reported a tripling of quarterly net profit in a sterling performance by British luxury brand Jaguar Land Rover (JLR), which offset dismal domestic sales. Read more >>
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 | CARACAS, VENEZUELA: Toyota is halting production at its only assembly plant in Venezuela because the world's largest car manufacturer lacks the hard currency to import parts due to government controls, a factory official said last week. Read more >>
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 | STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability. Read more >>
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More International
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 | Cape Town - As the strike in the platinum sector continues, the Minister of Energy Susan Shabangu calmed fears it would harm the industry and country by pointing out that South Africa had restored the rule of law, peace and stability in the mining sector. Read more >>
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 | The KwaZulu-Natal provincial government is considering establishing an automotive supplier park. Read more >>
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More Government news
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