S.Africa 2005 new vehicles sales seen up 15 pct

Newswire

JOHANNESBURG, March 17 (Reuters) - South African auto makers will sell about 15 percent more vehicles this year and spend almost 6 billion rand ($1.03 billion) in capital expenditure projects, an industry body said on Thursday. Manufacturers sold a record 449,603 new vehicles in 2004, buoyed by the lowest interest rates in more than two decades, subdued inflation and a strong rand which capped price rises, factors which were expected to support growth this year. National Association of ...

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