Gauteng licence renewal now takes 10 minutes
Combined Motor Holdings (CMH), South Africa’s largest car dealer, posted group revenue of R8.1 billion for the half-year ending August 31, 2026—a rise from R7.6 billion in the prior six months.
The board of the car dealership noted that the period in question was marked by international tensions, leading to increased oil costs, a revised higher inflation forecast locally, and financial strain on households.
In spite of these challenges, the company achieved an 18.6% growth in main profits and a 6.6% rise in sales, achievements that were acknowledged by the board members.
The primary contributor to the company’s overall sales was its automotive sales and distribution division, which is its main operation, making up 93.4% of all external sales.
International Brent crude oil prices fell just under $110 per barrel following discussions between Iranian and Qatari representatives aimed at negotiating an end to the conflict between the US and Israel over Iran.
According to Tim Waterer, the lead market analyst at KCM Trade, investors were cautious about the potential for increased tension regarding Iran, which could drive Brent prices up to $120 post midterm elections.
Marco Rubio, the US Secretary of State, stated that no new military actions had been decided upon and that the administration favored a negotiated settlement.
In the days leading up to the midweek elections, the South African currency experienced a minor decline against the US dollar and other major currencies.
The local currency’s value, currently at R16.70 to the US dollar, has also been impacted by the decreasing price of gold.
In Gauteng, renewing your driving licence card can now be done in just 10 minutes, thanks to the province’s Driver Licence Testing Centre (DLTC) hours and cashless systems.
This development is expected to combat corruption and complete applications and payments efficiently.
In a dramatic incident, Mate Rimac, CEO of Bugatti Rimac, pursued his stolen Chiron supercar in his own Porsche 911, resulting in a high-speed chase that crossed national borders.
