South African Ferrari distributor changes hands 

14th August 2023

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

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.

 

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION