The South African automotive market has experienced a significant transformation in recent years, with Chinese vehicle manufacturers such as GWM (Great Wall Motors) becoming increasingly popular among motorists. Offering exceptional value, advanced technology, and impressive reliability, these vehicles have earned a growing share of the local market.

South African businesses do not need to look far for a cautionary tale. The fallout from the Steinhoff scandal continues to reveal how weak governance, inadequate scrutiny of business relationships, and unchecked transactions can destroy billions in shareholder value. What began as aggressive growth ultimately became one of the country's most expensive lessons in the cost of insufficient oversight.

Media Release - 19 May 2026: South Africa Strengthens Africa’s Business Events Leadership Ahead of IMEX Frankfurt 2026

Address by President Cyril Ramaphosa at the National Business Initiative (NBI) 30th Anniversary Cocktail Reception, Sandton, Johannesburg