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Motor Company Of Botswana
The Motor Company of Botswana (Pty.) Ltd. was joint venture of the Hyundai Motor Company with its local dealership Hyundai Motor Distributors (Pty.) Ltd. The company was founded in 1992 with its headquarters in Gaborone, Botswana. In February 1993 they began the assembly of Hyundai Knock-down kit, CKD kits until closing in 2001. The company was co-founded by Billy Rautenbach, a wealthy businessman from Zimbabwe that also owned ''Wheels of Africa,'' a large cargo trucking enterprise.Hyundai Gaborone plant for Kimberley in ''News24'' 8 November 2000. Hyundai, however, only delivered the CKD kits, from which Hyundai models were made. At times, finished vehicles were imported from Mozambique, disassembled, reassembled and exported to South Africa in order to - compared to the dire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |