DAVID FURLONGER: You must be brave — or bewitched — to accurately forecast the car market

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa Headlines News

The South African new-vehicle market has been in decline for some time — what will happen in 2023 is anyone’s guess.

Somewhere in the depths of Toyota’s vehicle assembly plant in Durban, perhaps in a secret room known only to a handful of people, sits a magic crystal ball*. It used to live in WesBank’s Joburg HQ, where, early each year, successive CEOs would use it to help predict that year’s new-vehicle market.

The crystal ball was obviously magic because, almost without exception, those predictions were eerily accurate. Eventually, however, the power waned; maybe it was staleness or simply that even magic couldn’t forecast how consumers and business would react to absurd economic policy...

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It’s a global issue.

times are tough, we don’t have money for new cars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa: Eskom Welcomes Tariff Hike Amid Outrage - South African News Briefs - January 13, 2023Eskom Welcomes Tariff Hike Amid Outrage - South African News Briefs - January 13, 2023 allafrica: SouthAfrica
Source: allafrica - 🏆 1. / 99 Read more »

Changes to pensions in South Africa in 2023 – what you need to knowLegal experts from Cliffe Dekker Hofmeyr breakdown the Financial Service Conduct Authority’s (FSCA) new plan to ensure compliance with the law regarding pensions.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Government collapse – and 4 other things businesses in South Africa are stressing about in 2023Government collapse - and 4 other things businesses in South Africa are stressing about in 2023
Source: BusinessTechSA - 🏆 24. / 61 Read more »

12 countries you can travel to where the rand is stronger in 2023BusinessTech looked at 12 of the cheapest countries for South Africans to travel to in 2023.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

The SEVEN Middle East countries South African passport holders can visit visa-freeThe Henley & Partners Passport Index for 2023 lists the 106 countries that South Africans can travel to without requiring a visa.
Source: TheSAnews - 🏆 25. / 59 Read more »

MTN’s partnership with Microsoft to transform South African SME sectorThe South African SME sector continues to experience strong growth and has increasingly relied on technology to achieve this – particularly given how the pandemic changed the business landscape.
Source: BusinessTechSA - 🏆 24. / 61 Read more »