Investment in South Africa will not provide GM with the strong returns required to support our global business strategy.— Ian Nicholls, General Motors South Africa
We employ just over 1500 people in South Africa.— Ian Nicholls, General Motors South Africa
There’ll be ongoing support for Opel, Chev and Isuzu customers… All existing warranties remain in place.— Ian Nicholls, General Motors South Africa
General Motors South Africa is quitting South Africa.
Operations will cease by the end of the year.
The Money Show’s Bruce Whitfield interviewed General Motors South Africa Managing Director Ian Nicholls.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Isuzu represents just short of half of our business in South Africa.— Ian Nicholls, General Motors South Africa
GM identifies markets where they have a clear path to market leadership.— Ian Nicholls, General Motors South Africa
GM has been in South Africa since 1926.— Ian Nicholls, General Motors South Africa
The decision was not influenced by any local economic short-term considerations at all.— Ian Nicholls, General Motors South Africa
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Please share this with your Ford-driving friends. Fire hazard, again! They must "immediately” contact a dealership.
The Money Show’s Bruce Whitfield interviews labour economist Andrew Levy.
Eskom veteran Johnny Dladla is the parastatal's new acting CEO. Bruce Whitfield interviews energy expert Chris Yelland.
State Capture… Corruption… it just goes on and on! The Money Show’s Bruce Whitfield interviews Sygnia CEO Magda Wierzycka.
The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Is the spectacular rise in the value of Bitcoin realistic? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
Ray White interviews Wayne Duvenage, Chairperson at the Organisation Undoing Tax Abuse (OUTA).
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.
Bruce Whitfield interviews one of our most beloved artists of all time about his money hopes, fears, successes, failures, etc.
Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
Patrick Soon-Shiong, son of Chinese immigrants to SA, is the world’s richest doctor and the wealthiest resident of Los Angeles.