GMSA’s Ian Nicholls opens up on why they’re really quitting South Africa

Investment in South Africa will not provide GM with the strong returns required to support our global business strategy.

Ian Nicholls, General Motors South Africa

We employ just over 1500 people in South Africa.

Ian Nicholls, General Motors South Africa

There’ll be ongoing support for Opel, Chev and Isuzu customers… All existing warranties remain in place.

Ian Nicholls, General Motors South Africa

General Motors South Africa is quitting South Africa.

Operations will cease by the end of the year.

The Money Show’s Bruce Whitfield interviewed General Motors South Africa Managing Director Ian Nicholls.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Isuzu represents just short of half of our business in South Africa.

Ian Nicholls, General Motors South Africa

GM identifies markets where they have a clear path to market leadership.

Ian Nicholls, General Motors South Africa

GM has been in South Africa since 1926.

Ian Nicholls, General Motors South Africa

The decision was not influenced by any local economic short-term considerations at all.

Ian Nicholls, General Motors South Africa

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : GMSA’s Ian Nicholls opens up on why they’re really quitting South Africa


Recommended

by THE NEWSROOM
Read More
Economic researcher slams anti-poor VAT hike

Economic researcher slams anti-poor VAT hike

The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.

Anglo American profits soar. Pays highest dividend in a decade

Anglo American profits soar. Pays highest dividend in a decade

The Money Show’s Bruce Whitfield interviews Anglo American CEO Mark Cutifani.

Woolworths, pummelled in Australia, loses R4.86 billion

Woolworths, pummelled in Australia, loses R4.86 billion

The Money Show’s Bruce Whitfield interviews Woolworths CEO Ian Moir.

How to capitalise on an environment that has suddenly turned for the better

How to capitalise on an environment that has suddenly turned for the better

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

'Budget is excellent under the circumstances. I give it 9 out of 10'

'Budget is excellent under the circumstances. I give it 9 out of 10'

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

Popular articles
[LISTEN] Creative parenting expert talks about the low muscle tone epidemic

[LISTEN] Creative parenting expert talks about the low muscle tone epidemic

In the parenting feature, Nikki Bush chats about why schools need to implement Physical Development into their daily curriculum.

Simple hygiene do’s and don’ts to prevent diarrhoea during a water crises

Simple hygiene do’s and don’ts to prevent diarrhoea during a water crises

In the health feature, infectious diseases specialist Professor Helena Rabie talks about stomach bugs, and how to treat them.

DA calls for urgent investigation into illegal sale of strategic oil stocks

DA calls for urgent investigation into illegal sale of strategic oil stocks

The DA has written to President Cyril Ramaphosa asking him to initiate an urgent Special Investigation Unit into the case.

NICD: Listeriosis cases rapidly rising in SA, death toll at 172

NICD: Listeriosis cases rapidly rising in SA, death toll at 172

National Institute for Communicable Diseases says all cases traced back to the same bacterial strain and source needs to be found.

'Foreshore development plan will exacerbate spacial and social divide'

'Foreshore development plan will exacerbate spacial and social divide'

UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.