International giants slowly taking over major sector in South Africa

• International giants are indeed taking over the major sector in South Africa, with Metair's revenue growth attributed to increased sales of imported vehicles from Chinese and Indian automotive brands.
• The South African vehicle manufacturing sector is under pressure from global competition, with vehicle exports declining by 7.8% year-on-year to 181,731 units.
• The Metair's turnaround strategy for AutoZone, a vehicle parts retailer, is on track despite being six months behind schedule, with the new management team making progress in returning the business to profitability.