NAACAM is proud to have formed part of the 6th South Africa Investment Conference (SAIC) pledges that took place today.
NAACAM, represented by CEO Renai Moothilal, announced that the automotive component sector invested R5.8bn, the sector’s highest level to date. This is illustrative of the continued commitment of the sector to drive value addition in the South African economy.
Notable automotive component sector investments include VSL Manufacturing’s R750m investment into a new assembly plant and Shatterprufe’s R400m investment into the upgrade of its Neave plant.
NAACAM commends the Department of Trade, Industry and Competition for a successful sixth iteration of the South Africa Investment Conference.
#NAACAMProud #WeAreNAACAM #SAIC2026 #IndustrialGrowth #Localization #SouthAfrica #Investment
