Motus, the JSE-listed integrated motive autobusiness, claims it faces "unfair competition" in the vehicle retail market from SA's seven original equipment manufacturers (OEMs).
Motus CEO Osman Arbee said the country's OEMs manufacture and export cars, providing them with export income. They can also import and still have a balance.
"I was importing a lot more and I had nothing to export or no foreign income coming my way, so that was a big concern," he said during the group's Capital Markets Day presentation last week.
Explaining the group's internationalisation and diversification strategy, Arbee added: "We had to look at this because we do not have a natural hedge, and we'll never get it, and so that is why we started on this journey of getting our foreign income."
この記事は The Citizen の June 25, 2024 版に掲載されています。
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この記事は The Citizen の June 25, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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