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South Africa's emerging black middle class, as well as women buyers, have become increasingly important drivers of new car sales in the country, according to Standard Bank asset and vehicle finance.
South Africa offers foreign suppliers a variety of methods to distribute and sell their products, including using an agent or distributor, selling through established wholesalers or dealers, selling directly to department stores or other retailers, or establishing a branch or subsidiary with its own sales force.
South African new vehicle sales increased by 15.6% in 2011, on the back of high demand driven by low interest rates, increased corporate activity and a number of new entry-level models entering the market.
More than 130 000 tickets for the 2010 Fifa World Cup have been sold in less than two days as fans rushed to get tickets during the fifth and last ticketing phase, which kicked off last week at the 11 ticketing centres and 600 FNB branches countrywide - and tickets for the opening match and final have been sold out.
Two million 2010 Fifa World Cup tickets were sold in the first three sales phases, according to Fifa. A fourth round of sales is under way, and fans are being urged not to delay, as these will be sold on a "first come, first served" basis.
The third ticketing sales phase for South Africa’s 2010 Fifa World Cup has seen ticket applications reach the 500 000 mark in the first 10 days, with 77% of the applications by South Africans.
The second round of ticket sales for the 2010 Fifa World Cup has started, with 100 000 tickets available on a first-come, first-served basis.
A strong economy, high consumer and business confidence, low interest rates and increased affordability boosted new vehicle sales in South Africa to an all-time high in March.