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Africa Business News of Thursday, 23 April 2020

Source: reuters.com

Toyota's South African unit sees 15-20% hit to production due to virus

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The South African unit of Toyota could see its production drop by around 15-20% in 2020, its president and CEO Andrew Kirby said on Wednesday.

The division had already lost production of around 13,500 units due to a nationwide lockdown in South Africa, set to last five weeks, Kirby told a virtual media briefing.

Its annual production volume normally stands at around 135,000-150,000 units.