SA car sales surge on affordability; AGOA expiry looms with major trade implications

Oct 2, 2025

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Ray White speaks to Billy Tom, president of Naamsa, about how domestic new vehicle sales are set to surpass pre-pandemic levels for the first time in five years, driven by strong consumer demand for affordable models—especially from Chinese and Indian brands—amid lower interest rates and improving economic conditions.

In other interviews, Shane Naidoo, head of treasury and trade management at Nedbank, talks about the potential expiry of the African Growth and Opportunity Act (AGOA) and the ripple effects it could have on South Africa’s economy, exports and global trade ties.

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