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Three Chinese automakers are preparing the groundwork for potential investment in South Africa.
The National Association of Automobile Manufacturers of South Africa, Naamsa, has signed non-disclosure agreements with these companies, who are said to be currently doing their “environmental assessments” as part of their planning.
Naamsa CEO, Mikel Mabasa said they were assisting these companies with information to help them build their business case for investing in the country, possibly setting up shop in the Eastern Cape.
“What is interesting about the Chinese brands is that they see South Africa as a fantastic footprint for their African business.
“So, their intention is not…
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