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Local group buys out the remaining 40% of distributorship for R250m. 11:10
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Under more independent management now. Image: Supplied
JSE-listed automotive group Motus has acquired the remaining 40% shareholding in Renault South Africa it did not own from Renault France in a transaction valued at R250 million.
The Competition Tribunal last week unconditionally approved the transaction.
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For the last eight years,
Renault s Duster has been a revelation to the local market. Back then, with a starting price of under R200 000 (geez, that sounds like a lifetime ago!), the SUV impressed from the get-go, and it found favour with thousands of buyers. It was a stroke of genius for Renault because it reignited something in the South African consumer looking for a robust vehicle that you won t feel too bad about if bushes and brushes scrape against it.
And though the SUV saw minimal changes to its design and outlook on life, it received alterations and updates, nonetheless. Renault adjusted the Duster s package with each update, and increasing and enhancing each model s safety features.
The Renault Duster – old-school charm and sound value dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
The 2021 ultimate double-cab guide
Analyst
Double-cab trucks remain hugely popular in Zimbabwe. We expect a host of new and facelifted products to reach the local market in 2021. As you can expect, Covid-19 has had an adverse effect on production and product timings and this will likely persist for some time to come. When it comes to motoring trends, as much as it might rub our ego the wrong way, we are like a province of South Africa. Whatever they get from manufacturers we will also get. Nonetheless, take a look at what you can expect to see in Zimbabwe in 2021!
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