PODCAST | The uncertain future of SA’s automotive industry as geopolitical tension mounts

The economics around SA’s automotive sector is the focus of this edition of the Business Day Spotlight. Furlonger says SA has not been immune to the supply chain challenges experienced globally.Covid-19, the war in Ukraine and shortages of key automotive parts pose risks to the motor industry’s planned growth. In light of those headwinds, the Automotive Business Council has asked for a review of the industry’s master plan, saying its goals may no longer be feasible in the allotted timespan.

Furlonger explains that the master plan had been based on industry performance from 2018, a completely different reality to today. As such, Naamsa was asking for the plan, which started in 2021, to be revised to reflect lower production numbers as a result of Covid-19.With regards to the ongoing war in Europe, Furlonger says Russia and Ukraine have a direct impact on the automotive sector given that both are big suppliers of resources such as palladium and inputs for semiconductors.

Topics of discussion include: supply chains issues in the automotive sector; disruptions caused by the war in Ukraine; import versus export of locally produced vehicles; consumer demand; and an outlook for the sector. The discussion ends with a look at dynamics in the consumer market, given the surge in used-vehicle demand caused by the pandemic and how that has fed into manufacturing.

Ford needs to back track on recent investment until South Africa aligns it interests with those of it's benefactors.

Canada Canada Latest News, Canada Canada Headlines

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

SA’s mining industry 'nowhere close' to dealing with climate changeWhile there is consensus that there is a need for mining companies to evolve to ensure they are futureproofed as businesses focus on sustainability amid risks brought on by climate change, industry experts and activists admit the sector is nowhere close to where it should be. Loadshedding, cable theft Who gives a shit. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: ewnupdates - 🏆 30. / 53 Read more »

WATCH: The state of SA’s mining industryBusiness Day TV talks to Peter Major, mining analyst at Mergence Corporate Solutions
Source: BDliveSA - 🏆 12. / 63 Read more »