Creamer Media has released the annual Automotive Industry Research Report and is offering it to NAACAM members at a 50% discount i.e. R975 (ex VAT). NAACAM members taking up this offer will also receive a free 1-year subscription to the Engineering News and Mining Weekly magazines.
Creamer Media’s Automotive 2021 Report examines the current market conditions in South Africa’s automotive industry, including manufacturing and investment, the role that electric vehicles will play in the country’s future, sector support, transformation and labour, as well as the outlook for the sector.
More about the report:
The components industry plays a crucial role in South Africa’s automotive value chain. There are 187 Tier 1 suppliers, of which 75% are foreign multinational companies, and more than 200 Tier 2 and Tier 3 suppliers, in South Africa. The widening and deepening of the country’s component-supplier base under the South African Automotive Master Plan (SAAM) is a focal point. The SAAM aims to expand vehicle production volumes to 1.40-million units a year by 2035, with higher levels of localisation of automotive components.
NAACAM notes that: “The component manufacturing sector had a tough 2020, as the Covid-19 pandemic exacerbated the already-struggling domestic automotive market. However, positive momentum returned to the sector towards the end of 2020 and is hopeful that it can be sustained going forward.”
For more info NAACAM members can contact Reinette Classen via email [email protected] / Tel: +27 11 622 3744 or Cell: +27 76 508 2016