TOKYO -- Toyota Motor Corp. will raise its stake in its South African affiliate to 75 percent from 35.7 percent for an undisclosed price. The affiliate, Toyota South Africa (Pty) Ltd., handles production and distribution of Toyota vehicles in South Africa. Toyota has been the leading brand in South Africa since 1981. Last year, Toyota's sales of 82,738 gave it a market share there of 22.6 percent.
Toyota boosts South African stake to 75%
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