They say there’s always someone worse off than yourself, even if it’s sometimes hard to believe. For South Africa, that point is underlined by research from UK short-term insurer GoShorty, showing that the local motor industry has had one of the best recoveries from Covid in the world.
Naamsa, in its latest quarterly bulletin, expects South African production to grow further this year to 566,700, then 629,900 in 2023. Longer-term growth, of course, will depend on the industry’s ability to reduce its almost total reliance on petrol and diesel internal combustion engines and start making electric vehicles .
While Argentina, South Africa and the other overachievers have enjoyed a good post-Covid recovery, many other countries can’t say the same
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DAVID FURLONGER: The South African motor industry is ahead of the gameNaamsa expects South African new-vehicle production to grow further this year to 566,700, then 629,900 in 2023.
Source: FinancialMail - 🏆 20. / 63 Read more »