Business and investment in

Africa

Africa is the 2nd continent on Earth in area with a great amount of natural resources.  There are more than 50 countries with fast growing economies and 1.5 bln population here. Africa today offers big opportunities for business and investment.

Record number of cars sold in South Africa

 

 

According to official data released by the industry body NAAMSA, there has been a double-digit increase in sales for several consecutive months compared to the same period last year.

 

In April 2026, 47,979 cars were sold, which is the best figure for this month since 2013 and is 13% higher than last year. In May, the threshold of 50,000 cars sold was crossed: 51,071 vehicles were sold, which is the best result for May since 2013 and is 12.8% more than last year.

 

The growth was driven by the passenger car segment. In May 2026, 36,871 new cars were sold, which is 16.3% more than in May 2025. Toyota dominates this market: in May 2026, the Japanese automaker, including the Lexus and Hino brands, sold 10,667 vehicles, which is 4.7% more than in the previous month.

 

The medium and heavy commercial vehicle segments also showed positive dynamics: their sales increased by 13.6% and 12.9%, respectively, in May.

 

AFRICA NEWS AGENCY