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 exclusive Financial Times articles, 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