General Motors leaves after 90 years in SA

General Motors has confirmed it's plans to pull out of the South African market, ending production of the locally manufactured Chevrolet by end 2017.

The company is negotiating the sale of its local manufacturing facility to Isuzu Motors.

CapeTalk's Africa Melane, standing in for John Maytham, spoke to Mark Smyth, the editor of Motor News.

They have been here since I think 1926, so very much a fabric of South Africa.

Mark Smyth, editor of Motor News.

Smyth says while there is speculation that the decision is related to South Africa's downgrade to junk status, the company is adamant that they are chasing higher margins and profits.

Just incidentally, an announcement will be made on the 8th of June at a press conference in South Africa on the future of Opel in the country with possibly an independent distributor taking over. They are chasing more money and also at the same time almost sort of restructuring, possibly under the Trump administration being seen as a more American company...

Mark Smyth, editor of Motor News.

There has been a decline in the sales volumes of General Motors.

Once upon a time, it was one of the top selling motor brands in the country and these days we have seen Opel sales decline, Chevrolet sales decline.

Mark Smyth, editor of Motor News.

Over 1 500 people employed by the company could be affected by the exit.

Click on the link below to listen to the full interview...

Read More
Hanekom: ANC must be clear on its definition of 'ill-discipline'

Hanekom: ANC must be clear on its definition of 'ill-discipline'

ANC MP and former minister Derek Hanekom reflected on the state of the governing party and the 34th anniversary of the UDF.

[Watch] John Maytham shuts down victim shamer on air

[Watch] John Maytham shuts down victim shamer on air

A caller wanted to know what the alleged victim had done in order for Grace Mugabe to assault her.

Afriforum's Gerrie Nel gives the NPA three months to prosecute Grace Mugabe

Afriforum's Gerrie Nel gives the NPA three months to prosecute Grace Mugabe

AfriForum and its independent prosecution unit will be getting involved in the case of alleged assault of Gabriella Engels.

How to make money by investing in classic cars

How to make money by investing in classic cars

Do classic cars make your heart beat faster? Here’ how they can make your wallet thicker…

What your station wagon says about you

What your station wagon says about you

Phakamile Mzimela asks if station wagons qualify as family cars or if they are simply funeral cars?

Sell your car in 30 minutes with CarZar #CapeTalkintheBoardroom

Sell your car in 30 minutes with CarZar #CapeTalkintheBoardroom

CapeTalk is broadcasting live from the offices of CarZar in Bree Street.

Popular articles
Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

10 sexting tips on how to keep things spicy (and safe)

10 sexting tips on how to keep things spicy (and safe)

Interested in sexting but worried about the risks? Dr Eve has created a guideline to help you 'sext' in a fun and responsible way.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?