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, ...

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