NAACAM held its 45th Annual General Meeting, sponsored by Nedbank, on the 28th of November 2024 in Gqeberha. The event brought together NAACAM members from across the country to gather and reflect on the Association’s and sector’s achievements in 2024.
Nedbank National Manager of Manufacturing and Commercial Banking, Amith Singh, and Nedbank Economist, Isaac MATSHEGO, shared their belief in manufacturing as a critical element in transforming the country’s economy. Mr Matshego presented an economic outlook for SA and component manufacturing, highlighting that despite challenges in the domestic and international markets, there is optimism that next year, the economy will show some growth, with monetary easing continuing, consumer spending bouncing back and business confidence improving.
NAACAM President, Ugo Frigerio, presented the 2024 President’s Report. In this, he shared insights into NAACAM’s 2024 activities, including policy developments and progress in localisation, skills development and supplier upgrading projects. Key priorities for 2025 were also highlighted, as the sector enters a pivotal period to secure long-term, sustainable growth and development.
Following the AGM, NAACAM members enjoyed a relaxing dinner, with comedy from Jason Goliath and musical entertainment by Daniel Jay.
Thank you to the AGM sponsor, Nedbank, for partnering on this informative and enjoyable event and thank you to the NAACAM members for their participation and engagement. #WeAreNAACAM #NAACAMProud
