Last week, a delegation from the Nkangala Municipality Government in South Africa, along with Mr. Imram Makama, National Head of Africa Young Entrepreneurs South Africa, arrived in Shandong for a market visit.
Industry
Chinese automaker BYD will hit its initial target of having about 35 dealerships in South Africa by the first quarter of 2026
South African business confidence climbed 5 points in the fourth quarter after two consecutive declines, helped by broad-based improvements across five sectors
SARB’s Financial Stability Report shows:
Declining inflation eases household pressure
There has been a period of explosive growth in the demand for machine tools in South Africa. In 2024, the market size of construction machinery in South Africa hit a historical high, leading to a sharp increase in demand for machine tools.
International ratings agencies expect South Africa’s economic performance to strengthen steadily over the next few years, with projections showing GDP growth rebounding by more than 1.5% between 2026 and 2028.
The South African machine tool market is heavily reliant on imports. When it comes to the upstream part of the industry, the dependence on imported core components like numerical control systems and precision bearings is a whopping 67%.
South Africa’s retail trade rose by 3.1% year-on-year in September 2025, accelerating from a downwardly revised 2.2% increase in August, almost in line with analysts’forecasts of 3%.
South Africa’s state-owned freight and logistics company Transnet plans to invest 127 billion rand ($7.3 billion) over five years in modernizing rail lines and upgrading ports
Recently, a “wave of Chinese cars” has surged in the South African automotive market, with multiple Chinese-brand automobiles swiftly capturing market share thanks to their high cost-performance ratios and rich configurations.
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