20
Jan
Tujoromajo Kasuto Simonis Storm Securities has hinted that vehicle sales are likely to stay on an upward trajectory as commodity prices continue to fall until mid-2023, and the supply of new vehicles from foreign factories should increase beginning in mid-2023, along with ongoing spending momentum from last year. According to Theo Klein, the firm’s Economist, commercial cars in particular should experience increased sales due to favourable mining and transportation sector development estimates for 2023, as well as the installation of green hydrogen projects along the coast. He predicted that shipping costs would continue to fall as the Rand strengthened as…