The launch of the new Toyota Corolla sedan is one of numerous motoring events put on hold due to the coronavirus lockdown.As the country grinds to a near-halt due to the coronavirus lockdown from March 27 to April 16 announced by president Cyril Ramaphosa, SA’s car and truck manufacturing plants will be shutting down for the compulsory 21-day period.
The export of vehicle and automotive components reached a record amount of R178.8bn in 2018, equating to 14.8% of SA’s total exports. Aggregate capital expenditure by the major vehicle manufacturers in 2019 recorded its second highest level on record at R7.27bn."The Covid-19 coronavirus is cutting a swathe through the economic and social fabric of the world and bringing incalculable human cost.
Jakkie Olivier, CEO of the RMI, says the services provided by the auto aftermarket sector need to be viewed as essential services to support other critical services sectors necessary to limit the spread of Covid-19 including emergency vehicles, law enforcement, fire prevention services and delivery vehicles.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Motor industry to tap BEE fund to support companies in Covid-19 crisisMoney may be needed to support small, vulnerable firms at risk in the next months
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
Motor industry to tap BEE fund to support companies in Covid-19 crisisMoney may be needed to support small, vulnerable firms at risk in the next months
Källa: BDliveSA - 🏆 12. / 63 Läs mer »
US stocks rally for second day as investors await $2-trillion aid packageBoeing surges 30% as investors bet on government support for the aerospace industry
Källa: BDliveSA - 🏆 12. / 63 Läs mer »