R/€ = 18.08
R/$ = 16.03
Au 1191.03 $/oz
Pt 929.50 $/oz
Nov 29, 2007
Toyota to open dealership in SowetoBack
Africa|Projects|Property Development|Africa|Automotive|Property Development|Service
© Reuse this Automotive firm Toyota South Africa said on Thursday that it had completed negotiations with a new joint-venture company comprising the Maponya group and Barloworld Automotive for the establishment of a Toyota franchise in Soweto.
“We have long sought a franchise outlet in this important and burgeoning market,” said Toyota South Africa president and CEO Johan van Zyl.
He added that Soweto had been a long-standing “open point” in its dealer network.
“As the vehicle market has expanded in recent years the urgency to fill this point with a viable dealership has grown. Earlier this year we invited interested parties to submit applications for a dealership in Soweto,” Van Zyl said.
The Maponya group is a black business organisation with interests in food retailing, fuel retailing, and property development.
The group opened a R650-million shopping mall in Soweto with Pick ‘n Pay, Woolworths, and Edgars as anchor tenants.
Future projects include a 100 000 m2 Motor City investment.
The Maponya group is the largest independent employer in Soweto.
“This is yet another dream come true. We commend Toyota SA for taking the bold step and showing confidence in the market by awarding this opportunity in Soweto. We are also pleased to be in partnership with Barloworld Automotive and are sure that we will establish a successful business together for the benefit of Toyota customers in Soweto,” Maponya’s Richard Maponya said.
“This opportunity will again create jobs and bring investment into Soweto. More importantly, the people of Soweto will now be able to purchase vehicles and get quality after-sales service right at their doorsteps” said Maponya.
The envisaged development will be a world class fully-fledged Toyota dealership with the latest corporate identity.
“This will undoubtedly add to the changing face of Soweto”, he added.
© Reuse this
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Other Automotive News
Technology and manufacturing solutions provider RocTool last month launched its RocTool Performance Cooling (RPC) unit to complement its induction heating process for plastic injection and composites processes. “This is in keeping with the work that has been done by...
Updated 15 minutes ago While international companies are keen to invest in South Africa, they are unable to meet the conditions of employment that have been extended to non-parties, forming part of a myriad of reasons why the the Free Market Foundation (FMF) is challenging the current...
Updated 1 hour 18 minutes ago South Africa- and Botswana-based research institutions have teamed up to research dynamic spectrum access and the sharing of television (TV) band frequencies using a TV white space (TVWS) experimental network. South Africa’s Council for Scientific and Industrial...
Updated 1 hour 37 minutes ago Mining companies owed it to their host countries and their shareholders to invest in the troughs so that they could reap the benefits in the peaks, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking during a panel discussion at the 2016 Investing in...
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Power and automation company ABB is in the launch phase of its highest payload, multipurpose industrial robot, the IRB 8700. The robot has a reach of 3.5 m and can handle a payload of up to 800 kg. “When designing the IRB 8700, we emphasised reach and payload, as...
Identity and Access Management (IAM) is a critical facet of a connected security ecosystem, as controlling the confidentiality, integrity and authorisation of data access and use is key to securing new digital business channels. However, companies face several...
Data underpins digital business models, the digital economy, the Internet of Things and the fundamental changes in the ways people interact and protecting data is crucial to securing new ways of doing business, says T-Systems South Africa information and...
The City of Cape Town will issue a tender for the procurement of electric buses for its MyCiTi service, in line with the council’s commitment to lower its carbon footprint, says executive mayor Patricia de Lille. The tender, to be advertised early in February, will...
The iSimangaliso Wetland Park Authority signed a R10-million contract last month with local tailings storage facility specialists Cyclone Engineering Projects to remove about 100 000 m3 of dredge spoil obstructing the natural course of the uMfolozi river, in...