Risk Level:
unknown %

Status:
Risk Alert – Entity in a problematic sector - Sector controlled by the Top Alert entities

Info:
African automaker Mureza Auto Co announced last month a joint venture with Iranian auto manufacturer SAIPA Group backed by funders in the United Arab Emirates. The venture will produce a mid-sized hatchback, called the Mureza Prim8, by rebadging the SAIPA Quick, which was made on the SAIPA-developed X200 platform and released in Iran in 2017. The SAIPA Quick is exported to India, according to African media;

Owner of Saipa Corp. is The Industrial Development & Renovation Organization of Iran (IDRO)
with 17.3% shares. IDRO is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control on 11/5/2018 for being owned or controlled by the Iranian regime. According to reports, terrorist organizaiton – IRGC owns 4% of SAIPA corporation;

Also Known As:
Mureza Auto Company
Mureza Auto Co.

Country:
South Africa

Address:
40 Electron Avenue, Kempton Park, Isando, GP, 1600, RSA

Phone:
+27-622-967639

Website:
www.mureza.co.za

E-mail:
info@mureza.co.za
sales@mureza.co.za
careers@mureza.co.za

Reason for the color:
» SAIPA Group to produce joint venture cars in Southern Africa;


You May Be Interested

IFMAT Color Guide

×
We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.