ENGINE FAILURE: No cars, no jobs – Chinese auto industry venture in Gqeberha shows little activity seven years after launch

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

Close economic and political ties have triumphed over national interests, business ethics and proper investment protocols as the South African government continues to keep mum despite the R11-billion Chinese auto investment at the Coega Special Economic...

single largest investment in South Africa in 40 years, and China’s biggest investment in Africa and outside Europe.

single largest investment in South Africa in 40 years, and China’s biggest investment in Africa and outside Europe
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Winnie the Poor and Buffalo

doodlehabibi Mmmmm and power to Ford assembly plant sabotaged, mmmmmm

I would be interested to hear our political leaders state what South Africa’s national interests are. It has been taken for granted that we have such a policy position. A combination of old ANC liberation relationships plus new funders are misarticulated as national interests.

The right palms are being greased.

China is colonizing African Countries by the time we wake up it will be too late,not long ago Minister Motshega tried to introduce Mandarin as a SUBJECT,let me live it here.

So it is not only Eskom that is being sabotaged.

Did they ever intend building this plant. Clever way of helping a cripple ANC. Smoke and mirrors.

If you look at recent stats from transunion, South Africans owe about 500billion on cars, which equates to about 150billion on interest over 5 years (depending on calculations}. Why couldn't we just fund the development ourselves, what's wrong with us?

This is too hilarious. So it's a zombie project from 2016 🤣 “We hope,” said Tiya, “during this calendar year there will be some form of activity going on based on what we understand, but beyond that, I can’t say anything else because I don’t want to speak on their behalf.”

Maybe the ANC and Chinese should ask Ford, Mercedes Benz or BMW to show them how to get started.

The two vehicles they planned to build in the plant were hideous and they realised this. Now to find another vehicle more suitable to the changing market…..

we are with China and Russia as black south africans. come whatever hell may come! we have been through the worst in our history, this is nothing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines