Combined Motor Holdings CEO Jebb McIntosh. Picture: FINANCIAL MAIL
“The widespread corruption, mismanagement of state-owned enterprises, uncertainty regarding land expropriation threats, and political leadership focused on short-term tactics ahead of the election, have combined to reduce business confidence to near all-time lows,” CEO Jebb McIntosh said. Revenues were up due to a “slight increase” in vehicle sales volumes, a greater mix of higher-priced luxury models, and new vehicle prices being 2% to 3% higher. But margins fell amid heightened competition, he said.“It is not easy to be optimistic about the short-term future of the domestic market,” McIntosh said.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: