The world is changing fast and to keep up you need local knowledge with global context.
US carmaker General Motors sent shivers through South Africa’s investment community yesterday when it announced a plan to cut down on local plants and shelve its Chevrolet brand.
The move appears to be a thumbs down for South Africa, but should be taken into perspective when considering that GM will also stop selling cars in India as part of its global restructuring.
Meanwhile, Detroit still has its back to the wall as its once great car giants such as GM continue to try recover from the 2008 credit crisis.
GM’s end of the road in South Africa could provide a boost for local car suppliers such as Barloworld and its Toyota division, as well as the likes of Bidvest, which runs dealership ops.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.