Sales in SA’s medium and heavy truck segments continued their positive performance and grew for a fourth consecutive month in October. According to figures released by the National Association of Automobile Manufacturers of SA (Naamsa) there were 782 new medium trucks and 1,866 heavy trucks sold in SA last month, respective increases of 15.3% and 12.3% compared with the corresponding month in 2017. The stronger sales number suggested an improvement in capital investment sentiment in SA, said Naamsa. The economy continued to experience difficult conditions with consumers’ disposable income remaining under pressure, noted the association, and that continued weakness in the latest purchasing managers’ indices and the Reserve Bank’s leading indicator suggested that business conditions would probably remain difficult in the short term. On the positive side it said the recent investment summit served as a platform to re-establish trust between the government and private sector, to restore...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now