Multinationals in the components and truck sectors are ready to join vehicle manufacturers in creating a multibillion-rand venture capital fund to develop a black-owned automotive supplier industry.

SA’s seven high-volume motor companies — BMW, Ford, Isuzu, Mercedes-Benz, Nissan, Toyota and Volkswagen — have agreed in principle to create a R4bn pool to support black industrialists wanting to provide goods and services to the motor industry...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

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