Africa’s Motor City Is Buckling Under a Tide of Asian Imports

(Bloomberg) — Luthando Kolisi jokes that if he finds work at another factory, it will probably end up shutting down. That’s how he lost his last two jobs. Since being let go from the Goodyear Tire & Rubber Co. factory in Nelson Mandela Bay — a coastal South African city that is the heart of the country’s automotive industry — he’s sent out countless applications, while eking out a bit of cash from odd jobs. “I’m slowly beginning to lose that hope,” he said. Read More