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Car industry revs up in South Africa despite languishing economy

Companies including BMW AG, Volkswagen AG and Ford Motor Co are taking advantage of the state's car development programme

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Published Wed, Nov 18, 2015 · 09:50 PM

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    Johannesburg

    AS South Africa's economy languishes near a recession, there is one major success story: the car industry.

    While mining companies such as Anglo American Platinum Ltd and Lonmin plc are among businesses cutting jobs and output in Africa's most-industrialised economy, two of the world's biggest carmakers have announced investment of more than 10.5 billion rand (S$1 billion) in the past four months.

    BMW

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