JOHANNESBURG, Jan 28 (Reuters) - South Africa's government on Wednesday approved U.S. auto gaint General Motors' (GM) acquisition of the remaining 51 percent of Delta Motor Corporation for an undisclosed amount, the company said.
"We've acquired a company that is well positioned in an important growth market for GM," Maureen Kempston Darkes, GM group vice president and president of the company's Latin America, Africa, Middle East region said.
"With its sound economic and political grounding, South Africa will serve as the platform for our aggressive growth on the African continent.
GM, the world's largest automaker, had a 49 percent stake in the Eastern Cape-based automotive manufacturer, acquired in 1997 when it returned to South Africa after 11 years. GM pulled out of South Africa in 1986 in protest against apartheid.
It joins European and Japanese rivals such as BMW , DaimlerChrysler , Volkswagen and Toyota Motor Corp who have consolidated their positions in South Africa through either wholly owned subsidiaries or majority shareholdings in local units.