VM AUTOMOTIVE
STATE OF THE ART
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VM AUTOMOTIVE
STATE OF THE ART
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SOUTH AFRICAN AUTOMOTIVE
MASTERPLAN
SAAM
2035 Vision
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
OBJECTIVES
1% of global vehicle production, 60% local content, 100% employment growth, competitiveness to leading competitor standards, industry transformation, increased value addition within GVCs.
1
Local market optimisation
2
Regional market development
3
Localisation
4
Infrastructure development
5
Industry transformation
6
Technology and associated skills development
7
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.
It is within this context that
was born.
GLOBALLY COMPETITIVE
&
TRANSFORMED INDUSTRY
- Achieve 1% of global vehicle production by 2035 (increase from current 600 000 units to almost 1.4 million units a year)
- Increase local content from current 39% to 60%
- Double employment in the value chain from current levels to about 240 000
- Achieve at least Level 4 BB-BEE status from 2021
- Support to be based on value addition rather than production sales value
OUR
JOURNEY
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