Whether President Cyril Ramaphosa and his advisers extend the Covid-19 national lockdown beyond April 30, one hopes they read a briefing document prepared by professor Justin Barnes, the government’s chief go-to independent adviser on motor industry policy.
Today, the industry is the poster-child for the government’s re-industrialisation policy. Vehicle and components companies account for almost 30% of the value of SA manufacturing production and more than 14% of exports. In 2018, the industry exported R178.8bn of goods. About 64% of vehicles made in SA find foreign customers.
The updated APDP is part of a broader SA automotive master plan whose goals are to double motor industry employment and production by 2035 and create a black-owned industrial sector that will increase local content in SA-made vehicles by 50%.But all these goals — and promises — were set before Covid-19 arrived. Barnes says that the longer the national lockdown goes on, the more unachievable they will become.
This is not good news for local content. Motor companies must keep this above a certain level not only to win APDP incentives but also to qualify for duty-free vehicle exports.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Bar fight goes on after confirmation of lockdown ban, says booze industryThe alcohol industry is refusing to take the continuing lockdown booze ban lying down. They must be drunk 🥴 😵 Lolest gift_bee
출처: TimesLIVE - 🏆 28. / 59 더 많은 것을 읽으십시오 »