STATE OF THE ART
SOUTH AFRICAN AUTOMOTIVE
A GLOBALLY COMPETITIVE AND TRANSFORMED
INDUSTRY THAT ACTIVELY CONTRIBUTES TO THE SUSTAINABLE
DEVELOPMENT OF SOUTH AFRICA'S PRODUCTIVE ECONOMY, CREATING
PROSPERITY FOR INDUSTRY STAKEHOLDERS AND BROADER SOCIETY
1% of global vehicle production, 60% local content, 100% employment growth, competitiveness to leading competitor standards, industry transformation, increased value addition within GVCs.
Local market optimisation
Regional market development
Technology and associated skills development
Supporting institutional environment
OEMs are under pressure to improve their transformation and localisation strategies, in order to qualify for incentives.
One option is through the procurement of local and transformed component suppliers.