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...

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