SA's facing a rental car shortage – first thanks to lockdown, and now scarce semiconductors

When Covid-19 and its associated lockdown restrictions hit, South Africa's car rental companies sold off stock to stay afloat.

Travel, whether for business or pleasure, has been a casualty of the Covid-19 pandemic. Border closures, flight suspensions, remote work directives, and a general reluctance to travel have decimated industries reliant on the movement of people. "All car rental suppliers anticipate that the manufacturing industry's semi-conductor shortage will remain in place for some time. It will continue to have a significant impact on their purchasing efforts worldwide," Rennies BCD Travel recently noted in an email to clients.

And although semiconductor manufacturers have rushed to increase production, delays in the supply of chips are expected to last for much of 2022. That's bad news for car rental companies looking to increase their fleet sizes and capitalise on the resurgence of travel.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mara Phones says Covid and lack of uptake in South Africa caused its demiseIts failure comes after hefty government investments in the company, including a tax break of over R100 million. Could it be that they have never even once advertised the products on South African television on YouTube on radio stations I have never heard of this product before NEVER!
Source: BISouthAfrica - 🏆 34. / 51 Read more »