South Africa’s new vehicle market has kicked off 2026 with fresh momentum, breaking through the symbolic 50,000-unit mark and signalling that the industry’s recovery has matured into something far more durable. According to naamsa | the Automotive Business Council, total new vehicle sales reached 50,073 units in January, representing a 7.5% increase year-on-year. While this…
Global oil markets took a bruising on Monday as crude prices plunged nearly 5%, wiped lower by signs that long-simmering U.S.–Iran tensions may be cooling and with them the geopolitical risk premium that had propped up prices since January. Brent crude slid $3.25, or 4.7%, to $66.07 a barrel, while U.S. West Texas Intermediate (WTI)…
In a move that could redraw Africa’s industrial map, Nigeria has taken a bold step toward becoming the continent’s first electric vehicle (EV) manufacturing nation, signing a landmark agreement with South Korea’s Asia Economic Development Committee (AEDC) to establish a large-scale EV manufacturing plant and nationwide charging infrastructure. The Memorandum of Understanding (MoU), signed in…
Toyota has slammed the brakes on more than 161,000 vehicles in the United States, announcing a major recall over a defect that could compromise driver safety while reversing. According to the U.S. National Highway Traffic Safety Administration (NHTSA), the affected vehicles suffer from a fault in the rear-view camera display, which may fail to show…
