Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

SA shuns 'green' cars

Jul 05 2009 13:45 Joanita Cillié

Related Articles

Cape Town to get green power

Green taxes 'may be ineffective'

How green is my office

 

Top Stories

Sizeable drop in petrol price expected

May 24 2012 17:31

The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.

Interest rates unchanged

May 24 2012 15:29

The Reserve Bank will maintain current interest rates, says governor Gill Marcus.

UK recession deepens

May 24 2012 12:00

Britain fell deeper into recession than initially thought in the first quarter of 2012, upping chances that the central bank could inject more stimulus into the economy.

 
Share Share line Print

Johannesburg - South Africans would rather buy a petrol-guzzling dream car than a "green" model, because owning a vehicle is a huge status symbol in this country.

This is the finding in the global survey conducted by Synovate, which asked respondents what they would buy if money were no object.

Roger Gibbs, director of vehicle-related customer services at Synovate South Africa, says that South Africans regard a car as a symbol that one can look after a family. Thus a vehicle's environmental friendliness is neither a consideration nor a status symbol.

Synovate reports that in all the countries that participated in the survey South Africa was the only one where fewer than half the respondents chose the green option. A high 57% of South African women prefer to select their dream car, compared with 50% of the South African men.

A total of 13 500 people from 18 markets participated in the survey. Almost 6 out of 10 of all respondents chose a green vehicle and 22% even declared a green car to be their dream car. Only South Africans with Internet access took part.

The South African vehicle-purchasing market is very different from other global markets, explains Gibbs. Here there's a large number of people buying a car for the first time. A car is an emotional purchase, and huge value is attached to a brand name, mobility and having your own transport - this is a consequence of our past.

"As the market becomes more mature, a shift will take place," says Gibbs. But he can't say when this will happen

Gibbs pointed out that the South African government has already taken steps in the right direction. Plans are on the table for tax benefits when one buys a greener vehicle, as well as for the upgrading of our fuel to make its more environmentally friendly.

The South African government has also funded the development of this country's first fully electric vehicle, the Joule, by Optimal Energy. - Sake24.com For more business stories in Afrikaans, go to Sake24.com

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Bertie

For those of you who are only now dropping in on the conversation, its about the value of an outsider's approach. And I am describing my own way of looking at things. We are still looking at that part where we are  trying to understand the issue.   First we had carefully to list our assum... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...