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South Africa Commercial Sales Down Year-to-Date in 2020

Photo of Cape Town, the capital of South Africa.

Domestic sales of new light commercial vehicles and medium- and heavy-trucks in South Africa are down year-to-date as of August 2020, continuing a streak of declines caused by COVID-19, according to the National Association of Automobile Manufacturers of South Africa (NAAMSA).

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Stuart Adams

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Brian Luo

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Yuri Tello

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Anton Glenn

South Africa FMC Acquired for $222M

Photo of Cape Town, the capital of South Africa.

South African based fleet management company Eqstra Fleet Management and Logistics was acquired by a services, trading, and distribution company in the region for $222.34 million.