DAVE FURLONGER – Business Day
Growth is set to be bigger after 2021 when government policy demanding more than 50% local content kicks in
Promising growth in demand by vehicle manufacturers for SA-made automotive components cannot hide underlying challenges faced by the local components industry, a report noted on Thursday.
The report, by B&M Analysts, was commissioned by the National Association of Automotive Component and Allied Manufacturers (Naacam). It shows that SA component suppliers grew average rand sales by 10.7% in real terms between 2016 and 2018.