This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

BizNews Edge: Chery's new Rosslyn plant and the R40bn car subsidy bill

Loading player...

Chery just took over Nissan's old Eastern Cape plant, plugging straight into a subsidy scheme that costs South Africans over R40 billion a year, split between just seven manufacturers. Trade expert Donald MacKay tells Alec Hogg why this isn't a normal acquisition, and how the deal appears to sidestep a contribution other big players like Vodacom and Coca-Cola had to make. With a parliamentary review looming in September, is this subsidy model built to last?

6 Jul 7AM English South Africa Investing · Business News

Other recent episodes

The Universal Kitchens story: Founder and CEO van Breda on faith, family and grit

Clinton van Breda has never had a boss, and in 21 years at the head of Universal Kitchens he says he has never installed a kitchen himself. He started at about 19 with a long-base bakkie his father chose instead of the double cab he wanted, and an overdraft secured…

30 Oct 5AM 55 min

BN Daybreak: Breytenbach wants IDAC closed; Mpolase on the 'long game'; boots for township rugby

DA chief whip Glynnis Breytenbach, a former senior prosecutor, tells BizNews that IDAC must be closed down - you cannot build a clean unit inside a corrupt NPA - and that the ANC, sitting on 30%, is getting about 20% more than it deserves. She also says South Africa may…

8 Nov 10PM 13 min

The NdB Sunday Show: Mzo Mpolase - Messy coalitions loom as DA loses its X Factor

In this NdB Sunday Show with Chris Steyn, political analyst Mzo Mpolase, says while the DA has increased its footprint in the Local Government Elections, “it was not enough to give it a mandate of governance. It will still find itself in these messy coalitions”. He says the DA's conduct…

8 Nov 9AM 40 min

BN Edge | Glynnis Breytenbach: IDAC, the Hawks, Agrizzi and the ANC's slide

A former head of IDAC in a police cell. A suspended deputy police commissioner denied bail. A whistleblower general lined up to run the Hawks. And an ANC that has slipped to around a third of the vote. Few people have watched South Africa's criminal justice system unravel from as…

6 Nov 8AM 31 min

Preloved boots give Eastern Cape township rugby a boost

Across the Eastern Cape, boys and girls run onto rugby fields in their school shoes or a pair of tekkies. Lincoln Mali, founder of the Mzwandile Mali Schools Rugby Champions League, tells BizNews how a visit by businessman Paul Gardiner to Kwanobuhle township led to Boots for Boys and Girls,…

6 Nov 7AM 15 min

All episodes