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Automotive industry gains insight to masterplan development at NAACAM ShowAPRIL 6, 2017The inaugural National Association of Automotive Component and Allied Manufacturers (NAACAM) Show reflected a significant intent and strategy shift within South Africa's automotive sector. This responsibility falls as much with Tier 1 component manufacturers as it does with OEMs.'' NAACAM South Africa President, Dave Coffey, said the stated acceptance by industry role-players of the need to increase local content in manufactured vehicles from its current level of 38.5% to 60% was significant. "Members of the South African automotive sector value chain, are clear that the key long term outcomes of sector growth, increased localisation and transformation are inextricably linked. "All South African automotive role-players understand that transformation and the inclusion of black-owned suppliers in the value chain, is not negotiable.
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Davies also touched on the dangers of increased protectionism in markets on which the local automotive sector had focused in the past. Because the automotive sector contributes 7.5% of South Africa's gross domestic product and employs some 113 000 people directly, it is key to ensuring greater economic growth. Trade and Industry Minister Dr Rob Davies has stressed that South Africa does not have the luxury to stop supporting its automotive sector, as has been the case in Australia, where the industry has disappeared. "We need to address the continued high import penetration and we also need to have a greater alignment between local production and local demand," he said. Further, the Minister said localisation levels within the automotive sector are suboptimal and employment levels lacklustre, making increased localisation one of the most imperative aspects of future planning.
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 key to future of South Africa's manufacturing industry – Davies
Davies also touched on the dangers of increased protectionism in markets on which the local automotive sector had focused in the past. Because the automotive sector contributes 7.5% of South Africa's gross domestic product and employs some 113 000 people directly, it is key to ensuring greater economic growth. Trade and Industry Minister Dr Rob Davies has stressed that South Africa does not have the luxury to stop supporting its automotive sector, as has been the case in Australia, where the industry has disappeared. "We need to address the continued high import penetration and we also need to have a greater alignment between local production and local demand," he said. Further, the Minister said localisation levels within the automotive sector are suboptimal and employment levels lacklustre, making increased localisation one of the most imperative aspects of future planning.
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.
read more visit us industry
collected by :John Max
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