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The Auditor-General's findings regarding procurement processes within the City of Cape Town have vindicated concerns that residents, community activists, and opposition parties have been raising for years.
The post AUDITOR-GENERAL FINDINGS EXPOSE SERIOUS CONCERNS LONG RAISED ABOUT CITY OF CAPE TOWN PROCUREMENT PRACTICES appeared first on For Good.
Africa needs to navigate the tension between interdependence, economic security, and economic diversification.
(Budget Vote Debate: Presidency) President Cyril Ramaphosa should deal with the Phala Phala matter swiftly and honestly so that the focus can shift to what should be the top priority in the interest of all South Africans: properly governing South Africa. Once this has happened, South Africa’s international relations policy should urgently be addressed. The […]
The post President must play open cards about Phala Phala so that governing South Africa can be top priority appeared first on Freedom Front Plus.
During today’s reply to the Tshwane Metro’s budget for the 2026/27 financial year, the Freedom Front Plus (VF Plus) warned that the proposed budget does not reflect the Metro’s actual financial position and fails to address the serious service delivery crisis. The party did not support the budget, stating very clearly that the document is […]
The post Tshwane budget out of touch with reality appeared first on Freedom Front Plus.
92% of clothing manufacturers in Newcastle do not comply with Bargaining Council rules, says the council’s lawyer
National Bargaining Council for the Clothing Manufacturing Industry goes to court against Durban-based Gemelli
Administrative laxity and gross maladministration in the Tshwane Metro, governed by the ActionSA/ANC/EFF coalition, are hampering the development of Booysens Extension 4 and exposing taxpayers to significant financial risks. A recent report by the Metro’s Oversight Committee on Human Settlements paints a disturbing picture of recurring violations of the Municipal Finance Management Act (MFMA), poor […]
The post Tshwane Metro’s administrative laxity hampers Booysens development appeared first on Freedom Front Plus.
The Tshwane Metro’s poor governance and substandard administration have led to some serious consequences seeing as the National Treasury (NT) has threatened to stop allocating grants to the Metro. At the latest meeting of the Tshwane Metro Council, a report was tabled proposing a policy on the prevention of unauthorised, irregular, fruitless and wasteful expenditure. […]
The post Treasury threatens to stop Tshwane Metro’s grants, confirming poor governance appeared first on Freedom Front Plus.
The DA-run City is bending the rules to accommodate a favoured few. We are being asked to breathe life into a 17-year-old "Helen Zille Zombie Deal" that has already died three times.
The post GOOD SLAMS “ZOMBIE DEAL” REVIVAL AS CAPE TOWN “SOLD OFF” TO DEVELOPERS appeared first on For Good.
When up to 3.5 million small businesses go green, this will benefit South Africa’s environment and help the businesses survive in a changing climate.
The Tshwane Metro’s Department of Human Settlements’ performance report for the 2024/25 financial year reveals serious failures, the squandering of public funds and failure to hold contractors accountable. One of the most shocking examples is a housing development in Bronkhorstspruit and eastern surrounds. Flawed designs and major delays by the consultant, Lilibara Projects, resulted in […]
The post Freedom Front Plus demands answers regarding Tshwane’s failed housing projects appeared first on Freedom Front Plus.
With nearly one in five households being food insecure, activists call for urgent action
The Tshwane Metro’s 2026/27 Integrated Development Plan (IDP) is nothing more than a rehash of previous plans, reflecting three years of strategic decay and institutional paralysis. The report was tabled to the Council today. An analysis by the Freedom Front Plus (VF Plus) revealed that the Metro is ignoring critical infrastructure needs while acknowledging that […]
The post Tshwane’s Integrated Development Plan (IDP) is no more than copy and paste appeared first on Freedom Front Plus.
As part of the multi-party coalition government in the City of Tshwane, the GOOD party has expressed concern about the allegations of corruption against city officials and some representatives of other political parties.
The post GOOD WELCOMES INVESTIGATIONS INTO CORRUPTION ALLEGATIONS OF CITY OF TSHWANE OFFICIALS AND POLITICAL REPRESENTATIVES appeared first on For Good.
Special Investigating Unit is probing corruption totalling over R2-billion
Municipality has only five water trucks for 19 wards
Concern about decision to buy Chinese MRI machine from local company instead of one from Philips
Speech by Suzette Little, GOOD Deputy Secretary-General & City of Cape Town Councillor. Note to Editor: This speech was delivered during the City of Cape Town Municipality Council Meeting.
The post GOVERNANCE BY DEVIATION: GOOD PARTY CHALLENGES THE NORMALISATION OF EMERGENCY PROCUREMENT IN CAPE TOWN appeared first on For Good.
The country’s top police generals have made extraordinary allegations of impropriety against each other over the past six months since KwaZulu-Natal Police Commissioner Nhlanhla Mkhwanazi called a press conference where he accused suspended-Police Minister Senzo Mchunu of an inappropriate relationship with a member of a crime cartel.
The post SUSPENDED INSPECTOR-GENERAL OF INTELLIGENCE MUST TELL HIS STORY TO MADLANGA COMMISSION: STARTLING ALLEGATION THAT 75% OF FUNDS MEANT FOR WESTERN CAPE CRIME INTELLIGENCE-GATHERING EQUIPMENT WAS “REALLOCATED” appeared first on For Good.
ProEthics filed an urgent court case to stop GroundUp reporting on its questionable R28-million procurement with the National Lotteries Commission
Water, waste, fire and finances — Siyancuma is a mess
The latest TransUnion South Africa Vehicle Pricing Index (VPI) for Q4 2024 reveals a cautiously optimistic outlook for the country’s automotive sector, with improving economic conditions encouraging consumer confidence while affordability challenges continue to shape purchasing decisions.
Key insights from the report indicate a continued shift towards used vehicles, with financing for pre-owned vehicles outpacing new car financing at a ratio of 1.56 to 1, up from 1.23 in Q4 2023. Meanwhile, new vehicle prices increased by 1.7% due to supply chain constraints and production costs, while used vehicle prices declined by 2.8%, making them a more attractive option for cost-conscious buyers.
Despite these challenges, new vehicle finance agreements grew by 12.7% year-over-year (YoY), with Gen X and Millennials accounting for 67% of new agreements*.
“South Africa’s automotive sector is navigating a complex landscape, balancing economic improvements with persistent affordability challenges,” says Marcia Mayaba, Sales Vice President, Auto Information Services at TransUnion South Africa. “The demand for used vehicles continues to grow, while we’re also seeing an increasing shift towards alternative financing and ownership models, such as leasing and car subscriptions, particularly among younger consumers.”
Used Vehicles Dominate, While New Car Market Seeks Stability
The Q4 2024 VPI report highlights a strong preference for used vehicles, with financing activity significantly outpacing new vehicle sales. This shift is largely driven by affordability concerns, as inflationary pressures and high vehicle prices continue to impact consumer purchasing decisions.
The used-to-new financing ratio increased to 1.56 in Q4 2024, reflecting a clear trend toward more budget-friendly alternatives. At the same time, new vehicle registrations grew by 14.4% YoY, supported by improved economic conditions and rising consumer confidence.
The Future of South Africa’s Auto Market: EV Growth and Digital Financing
Looking ahead, the report highlights the rising potential of electric vehicles (EVs) in South Africa, signalling a significant shift in consumer interest and market dynamics. The country reached a milestone of over 1,000 battery electric vehicle (BEV) sales in 2024, a small but significant step in a market still dominated by petrol and diesel vehicles. While EVs represent a fraction of total sales, the 60% year-over-year growth in hybrid (HEV) and plug-in hybrid (PHEV) sales signals a gradual shift in consumer interest toward more sustainable options.
The introduction of more affordable EV models priced under R1 million, such as the BYD Dolphin and Seal, is expected to accelerate adoption in 2025, making EV ownership more accessible to a broader segment of the market. However, affordability remains a key barrier, with high upfront costs and concerns around charging infrastructure limiting mainstream adoption.
“EV adoption in South Africa is gaining momentum, but for this growth to be sustained, industry players must collaborate to make ownership more accessible," says Mayaba. "With the right financial products, infrastructure expansion, and increased consumer awareness, EVs have the potential to reshape South Africa’s automotive landscape in the years to come.”
Financing Trends and Alternative Ownership Models Gain Momentum
The report also reveals an evolving vehicle financing landscape, with leasing, subscriptions, and rent-to-buy agreements gaining traction as consumers seek more flexible and cost-effective solutions.
For the first time, the Q4 2024 VPI report explores the impact of e-Hailing, leasing, and car subscriptions on the South African auto market. While outright vehicle ownership remains dominant, alternative mobility solutions are becoming increasingly relevant. The report indicates that leasing and subscription-based models are particularly appealing to Millennials and Gen Z consumers, who prioritise affordability and flexibility over long-term ownership commitments.
Additionally, e-Hailing continues to serve as a supplementary transport solution rather than a direct competitor to vehicle ownership. According to recent data from inDrive, an international ride-hailing service, 21.1% of South Africans make us of e-hailing services, reflecting the growing popularity of these transportation alternatives. However, the majority of users still aspire to own a vehicle in the long term. To address affordability constraints and credit access challenges, leasing and rent-to-buy options are emerging as viable alternatives, offering consumers flexible solutions that align with their financial situations.
While lower-value finance agreements (under R250,000) declined, a growing share of financed vehicles now falls within the R250,000 to R750,000 range. This shift suggests that while affordability remains a concern, consumers are prioritising flexible financing solutions and adjusting their purchasing behaviour to align with available credit and economic conditions
“The traditional model of vehicle ownership is evolving,” adds Mayaba. “While outright ownership remains a key aspiration, younger generations are increasingly exploring flexible mobility solutions that align with their financial realities and lifestyle preferences.”
As South Africa’s automotive sector continues to evolve, the interplay between affordability, alternative financing models, and emerging technologies like EVs will shape its future. While used vehicles remain the preferred choice for many consumers, the growth in digital financing and the introduction of more accessible EV models signal an industry on the brink of transformation. Collaboration among industry players, financial institutions, and policymakers will be key to ensuring sustainable growth and greater accessibility for all consumers. With the right innovations and strategies, the sector is well-positioned to adapt to changing market dynamics and drive long-term success.
Read the latest TransUnion VPI Q4 2024 report here.
ENDS
Notes to Editors:
* Gen X (born 1965-1980), Millennials (born 1981-1996) and Gen Z (born 1997-2012)
The TransUnion South Africa Vehicle Pricing Index (VPI) tracks vehicle pricing trends across new and used markets, integrating data from SACRRA and industry-leading sources.
For more information, visit: www.transunion.co.za
Hundreds of millions spent and a decade behind schedule
Company ordered to repay money. Disciplinary action must be taken against 16 officials.