News in Short: South African Motoring and Business Headlines

News in Short

SANRAL Draft Policy Raises Concerns

Business organisation Sakeliga has raised concerns over SANRAL's draft policy for rest and service facilities along national roads, arguing that the proposed policy could introduce new broad-based black economic empowerment (BEE) requirements for petrol stations and roadside businesses. Sakeliga has indicated it will challenge the policy if it is adopted in its current or a similar form.

South Africans Are Keeping Their Cars Longer

Financial pressures and the rising cost of new vehicles are encouraging South Africans to keep their vehicles for longer. According to the Automobile Association, more than 90% of motorists are extending the lifespan of their cars, while WeBuyCars data indicates that most vehicles sold on its platform are now more than ten years old.

Chery Acquisition of Nissan Rosslyn Factory Moves Forward

The Competition Commission has recommended approval of Chery's acquisition of Nissan's Rosslyn manufacturing facility, subject to conditions relating to employment and local supply. The transaction marks the end of more than 60 years of Nissan manufacturing in South Africa.

Consumer Confidence Declines

South African consumer confidence declined during the second quarter as households faced rising fuel prices linked to the conflict involving Iran. First National Bank's Consumer Confidence Index fell from -7 to -19 during the period.

Johannesburg Bridges Under Pressure

The Johannesburg Roads Agency has warned that vandalism continues to damage city bridges. According to the agency, 702 of Johannesburg's 902 bridges are in poor or very poor condition, with 20 structures reportedly close to closure.