The auto industry is so complex that a regional automotive pact is required before it can succeed in Africa, says former politician and now consultant, Alec Erwin.
Erwin told the National Association of Automotive Component and Allied Manufacturers of South Africa show in Durban on Thursday that worldwide, with few exceptions, successful auto industries had emerged to turn on regional axes. Mlumbi-Peter noted that only 1.2 million cars were sold in Africa despite a population of over one billion.Mlumbi-Peter, Erwin and others at the show spoke about how the South African auto industry needed to expand exports to the continent to capitalise on the market’s potential and as a way to increase volumes. This, they said, would bring economies of scale and sustain the high levels of localisation that were now being targeted in South Africa.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fishing industry warns of consequences if govt blunders rights allocationsWith annual sales of R4.5 billion, deep-sea hake fishing accounts for 45% of the entire commercial fishing industry contributing about R6.7 billion to the economy. Including the allocation to the Chinese whom I would like think are stealing our fishing resources
Source: ewnupdates - 🏆 30. / 53 Read more »
Newly established security association wants to shake up industryThe Association of Private Security Owners of South Africa (Tapsosa) was launched on Thursday.
Source: ewnupdates - 🏆 30. / 53 Read more »
Fishing industry warns government over allocation of rightsA chairperson says the fishery is South Africa’s most valuable and it is transformed, sustainable, and internationally competitive.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Franchisers want an industry ombudThe failure by the government to move on the establishment of a franchise ombud is a “huge bone of contention”, says Franchise Association of SA executive director Vera Valasis. “You can get up in the morning and start selling franchises [with impunity]”
Source: City_Press - 🏆 7. / 72 Read more »
Draft bill aims to police insurance industry in dealings with publicFairness to both consumers and institutions sought as integral part of the law
Source: BDliveSA - 🏆 12. / 63 Read more »
EDITORIAL: Government has a crucial part to play in saving the construction industryIndustry’s faults and shortcomings have been laid bare for all to see
Source: BDliveSA - 🏆 12. / 63 Read more »
DJ Zinhle's taking action to #OpenUpThe IndustryUnlike some of your faves, Zinhle is putting her money where her mouth is.
Source: TimesLIVE - 🏆 28. / 59 Read more »
OP-ED: National Savings Capture: Predatory capitalism and the asset management industryWe have found ourselves in the eye of a perfect storm. In pursuit of self-interest, our political leaders have failed us badly, and by so doing have tarnished the reputation of the country as a safe and sound investment destination. The corporate sector has registered phenomenal failures, hundreds of billions have been wiped off the capital markets. The nation’s savings have been looted in the public and private sector to the order of hundreds of billions. So, it is hardly surprising that so much distrust and suspicion of the establishment has emerged. 4 someone who chaired a co whos corp governance at best left lots 2 b desired u certainly have a lot to say
Source: dailymaverick - 🏆 3. / 84 Read more »
SA’s construction industry, like Group Five, may be collapsingAs construction companies crumble, SA will have to rely on foreign companies — and their prices — for infrastructure builds
Source: BDliveSA - 🏆 12. / 63 Read more »