South Africa Company Buys Stake in China's Great Wall

Newswire

CAPE TOWN, March 10 (Reuters) - South African logistics company Super Group, has bought a majority stake in Chinese-backed Great Wall Motors SA, the companies said in a statement on Monday. Great Wall made its debut seven years ago in Africa's top automotive exporter, where its pick-ups and sports utility vehicles compete with market leaders such as Toyota, Ford and Nissan. Super Group Chief Executive Peter Mountford did not give a value for the 50.1 percent acquisition. In South Africa, ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Feb 10, 2016
Video
WardsAuto

GM 3.6L V-6 -- 2016 Award Acceptance

General Motors accepts its award at the 2016 Wards 10 Best Engines ceremony, held Jan. 13 in Detroit....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×