S.Africa vehicle sales seen under pressure on rates

Newswire

JOHANNESBURG, Oct 30 (Reuters) - South Africa's vehicle manufacturing industry is expected to remain under pressure for the next year on higher interest rates and other unfavourable market factors, an industry body said on Tuesday. The National Association of Automobile Manufacturers of South Africa (NAAMSA) said in a third quarter review it had revised downwards industry sales and production. "Trading conditions in the new car market have deteriorated substantially in recent months as a ...

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