As connected vehicles become increasingly prevalent, the automotive industry faces unprecedented cybersecurity challenges. To understand the damage that can be wrought by cybercriminals, we need only look at examples of supply chain attacks over recent years, including automotive component suppliers, a global automotive logistics and shipping company, and even a South African rail, port and pipeline company. In response, the United Nations Regulation No. 155 (UN R155) has been established to set a global cybersecurity standard for the entire automotive value chain, extending beyond the vehicle itself. It mandates comprehensive security practices across development, manufacturing and distribution, requiring all stakeholders to uphold stringent protection measures.…
Author: Staff Writer
JAC Motors set a new record in Chinese bakkie exports in September, shipping 7,054 units to over 130 markets. Sales data for the first three quarters of 2024 show that JAC Motors exported 47,600 units globally, marking a 13.7% year-on-year increase. The company now ranks first among domestic automobile brands, representing over 20% of all bakkie exports from China. The company’s statement highlights that this achievement underscores not only the market competitiveness of their bakkies but also the confidence and trust that global customers place in the quality and dependability of JAC Motors’ vehicles. “This figure demonstrates the strong growth…
Cognitive psychologist Dr Scott Barry Kaufman found that 72% of people have their brightest sparks of creativity in the shower. But coming up with a great idea is just the beginning. Most people never move beyond that to execute their idea. And of those who do take the leap into launching a business, a staggering 96% of them won’t make it – they’re eliminated by the market or outdone by their competitors. Conceptualising a product that not only stands out in a competitive market but is also practical, novel andprofitable is incredibly difficult. This cutthroat competition gives the contestants, who are all entrepreneurs…
Chery Global is celebrating a significant production milestone: one million Tiggo 7’s have been exported globally, underscoring the automaker’s commitment to international markets. “Achieving this milestone is a testament to Chery’s unwavering commitment to global markets such as South Africa,” said Jay Jay Botes, General Manager for Chery South Africa. “This achievement not only reflects the success of the Tiggo 7 lineup but also underscores our long-term vision for growth, particularly in South Africa, where we are proud to contribute to social development and cater to a diverse clientele.” The automaker celebrated the occasion at a special ceremony held at the production facility in…
Hyundai Automotive South Africa has elevated its involvement with golf and the Sunshine Tour by signing up as a full tournament name sponsor for the second half of the 2024/2025 season. The Hyundai Open, with total prize money of R2 million, will be played at the Royal Johannesburg East Course in February next year. Hyundai Automotive SA, which is in its third year as a partner in the Sunshine Tour, has tested the water by becoming the main supplier of transport at the tour events with the company’s STARIA buses and its luxury SUVs, as well as providing a Hyundai…
Johnnie Walker Blue Label, one of the world’s most prestigious Scotch whisky brands, redefines luxury with its commitment to innovation and masterful craftsmanship, consistently staying ahead in the premium spirits industry. Known globally as a symbol of status and refinement, Johnnie Walker Blue Label has become synonymous with quality, exclusivity, and unique experiences that appeal to whisky enthusiasts worldwide, including a distinctive presence in South Africa. In its latest offering, Johnnie Walker Blue Label presents the limited-edition Ice Chalet, a luxurious new experience inspired by the elegance of snow-capped mountains and elite ski resorts. Created in partnership with luxury lifestyle…
Air France-KLM is reflecting on an extraordinary year in South Africa. The airlines have become a gateway for South African travellers to experience the vibrant cultures of France and The Netherlands. Over the years, Air France-KLM has built a strong reputation in South Africa for offering reliable, world-class service while staying committed to sustainability, innovation, and cultural exchange and 2024 saw the brands continuing to build on their incredible footprint in South Africa. Wilson Tauro, Country Manager for Southern Africa at Air France-KLM, comments on the brand’s growing influence in the region: “South Africa remains one of our most important markets in…
Chery South Africa reported record-breaking October sales of 1,831 vehicles, reflecting a 33.7% increase compared to October 2023. The brand ranks in the top 10 for overall new vehicle sales and is the fifth best-performing OEM in the passenger car market. This strong performance builds on impressive monthly results in the new passenger vehicle segment, with Chery recording 1,614 sales in September and 1,626 in August. Industry-wide sales figures for October reached 47,942 units, representing an increase of 5.5%. “Chery has had a record month for sales in October, highlighting the brand’s growth in the local market,” said Jay Jay Botes, General…
The Allianz Risk Barometer 2024 has identified the top five risks facing the professional services industry, underscoring critical challenges that necessitate immediate attention and proactive measures. The top risks include cyber incidents, business interruption, changes in legislation and regulation, climate change, and market developments. These risks pose significant threats to the stability and growth of the sector in Africa and the Middle East. The report, based on insights from over 3,000 risk management professionals and business leaders, highlights the growing importance of addressing these risks to ensure business continuity and safeguard against potential disruptions. 1. Cyber Incidents (#1, 47% of responses) Cyber incidents…
Trump’s return to the White House could have significant consequences for Africa-U.S. relations, affecting trade, security, foreign aid, and geopolitical dynamics. Below is a detailed breakdown of the key areas of impact and supporting evidence for concern. 1. Trade and Economic Policies • AGOA (African Growth and Opportunity Act): • Concern: Trump has previously shown disinterest in renewing AGOA beyond its expiration in 2025. His 2018 stance and recent proposal for a 10% tariff on all imports suggest AGOA’s continuation is at risk, which could raise costs for African exporters, particularly for South Africa. • Proof: Trump’s “fair trade” policies…