South African Ferrari distributor changes hands
Smartgrowth Investments has acquired Scuderia South Africa (SA), the official Ferrari distributor in Southern Africa.
This follows the conclusion of negotiations that started in November last year for the purchase of shares from the company’s previous shareholders, whom Scuderia SA declines to identify.
Smartgrowth Investments CEO André Rossouw has served in several senior management positions in the luxury sports car business over the last 15 years.
“These certainly are exciting times for Ferrari in South Africa and we look forward to supporting this amazing brand under the new ownership structure," says Rossouw as the new CEO of Scuderia SA.
Celebrating its fiftieth anniversary as the official local Ferrari dealer, Scuderia SA says it has exciting plans for the remainder of 2023.
Two new models, the Ferrari Purosangue and the Ferrari Roma Spider are set to debut in South Africa in the fourth quarter.
"Our world-class showrooms will continue to provide a unique glimpse into the world of Ferrari,” says Rossouw.
“It remains a hub where customers and enthusiasts can appreciate the vehicles and learn more about the proud heritage of the brand.”
Scuderia SA sold 31 Ferraris in the first seven months of the year, according to data released by Naamsa | The Automotive Business Council.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation