PARIS – Chinese and Indian auto makers rapidly are investing in South Africa’s vehicle industry, according to a new study by the World Bank called “Asia’s Silk Road.” They are taking advantage of a favorable economic climate in the country and see it as a potential base for exports. “South African vehicle exports are projected to rise strongly through 2006-2008, following a record year for South African vehicle production and sales in 2005,” the World Bank reports. Foreign direct ...

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