Automotive industry backs black industrialists

The automotive industry should support transformation and help achieve 60% localisation, thereby helping to create 50 000 jobs, the minister said. Durban - Trade and Industry Minister Rob Davies on Wednesday said transformation should be supported by the automotive industry to ensure that black industrialists are given space to operate and play a role in growing the South African economy. If we achieve 60 percent in localisation, we will be able to add50 000 jobs or around that. One of the issues discussed by the conference was how to find ways to raise local content in manufacturing in the automotive sector. Photo: Nqobile Mbonambi"We have set a target of getting 100 black industrialists over a period of three years.


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Automotive industry 'must be at the heart of Brexit negotiations'

Industry experts say we are now facing perhaps the most significant threat to the competitiveness of the UK automotive sector in a generation. Total automotive trade with the EU is worth more than £42 billion – nearly seven times the value of our next biggest trade partner, the US. Mike Hawes, SMMT chief executive, said: 'Triggering Article 50 has started a race against time to secure a deal that safeguards the future of the UK automotive industry. And the biggest market – by far – is Europe. THE Society of Motor Manufacturers and Traders has renewed its call for the automotive industry to be at the heart of negotiations, as the government triggered Article 50, formally starting the process to withdraw Britain from the European Union.





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