Kaya 959 Kaya Biz

New Vehicle Sales Surged To Their Highest Level In Almost 6 Years In July

Loading player...
Guest - Mikel Mabasa – CEO of NAAMSA.

South African new vehicle sales surged to their highest level in almost six years in July, cementing 10 consecutive months of growth for the industry.

July saw a total of 51,383 vehicles being sold across the country, Naamsa | the Automotive Business Council reported, which is the highest monthly sales figure recorded since October 2019.

This figure also represents a 15.6% improvement over July 2024. New passenger car sales, at 36,248 units, led the way with year-on-year growth of 20.1%, buoyed by strong rental car sales that accounted for 14% of this segment.
7 Aug 2025 12PM English South Africa Business News · Investing

Other recent episodes

SARB Tightens: What the 25bps Hike Means for You

The SARB surprised markets with a unanimous vote to hike rates by 25bps, landing against rising inflation expectations and global volatility. Johann Els unpacks the policy mood shift, the 4.4% inflation print, rand vulnerability, and how this decision affects credit conditions, household budgets, and South Africa’s growth outlook heading into…
23 Sep 12PM 14 min

The State of SA Insurance: Climate, Claims & Consumer Strain

South Africa’s insurers are navigating a perfect storm: higher catastrophe losses, rising claims inflation, affordability strain, and a shifting risk landscape shaped by climate volatility and crime. Santam’s Partner Solutions CEO, Gugu Mtetwa, unpacks the sector’s resilience, the worsening underinsurance problem, consumer behaviour shifts, and how insurers are adapting to…
22 Sep 1PM 24 min

Measured Momentum in SA Banking: Earnings Up, Risks Rising

South Africa’s major banks delivered headline earnings growth of 9.3% to R82.3 billion, stronger ROE at 20.5%, and improved cost‑to‑income ratios — but beneath the numbers lies a fragile domestic recovery and renewed inflation pressure. PwC’s Rivaan Roopnarain breaks down the competitive dynamics across retail, business, corporate and payments ecosystems,…
22 Sep 1PM 14 min

Crypto’s Turning Point: Sound Money Capital says Bear Market Dead

After eight months of grinding weakness, crypto snapped sharply higher in August — and Sound Money Capital was fully allocated ahead of the turn. CIO Rob Price explains why seller exhaustion, ETF capitulation, and policy intervention signal the end of the bear market. With Bitcoin reclaiming key resistance and market…
22 Sep 1PM 15 min

Bank Zero achieves Break-Even: 100,000 Customers, Zero Fees, Big Milestone

Bank Zero has achieved its first break‑even month — less than five years after launch and with only 100,000 customers. With cumulative capital investment under R300 million, a founder‑built core banking platform, zero card fraud, and a rapidly expanding deposit base, the bank is redefining digital banking efficiency. Michael Jordaan…
22 Sep 12PM 18 min
All episodes