These were SA's top-selling car brands in January

Vehicle sales were up in January, but Naamsa says load-shedding is having a serious impact on production.

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The 43,509 cars, light commercials and trucks sold in January reflected an increase of 2,006, or 4.8%, from the 41,503 vehicles sold in January 2022. Naamsa CEO Mikel Mabasa said the South African Reserve Bank raised interest rates for the eighth consecutive time since November 2021 and adjusted GDP growth for 2023 down to 0.3% due to extensive load-shedding and other logistical constraints.“January 2023 was by far the worst month for cumulative load-shedding the country has ever experienced in a month.

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