AUTOMOTIVE INDUSTRY: SA carmakers are tired of waiting for the love
Our automakers are not feeling the love that an industry representing 5% of the country’s GDP should be feeling, and they’re running out of patience.
South African automakers express frustration at the lack of support and competition they face in the industry, which accounts for 5% of the country's GDP. Ford Motor Company Africa's president, Neale Hill, warns that South African automakers are losing out to global manufacturing hubs like Thailand, Argentina, and North America when it comes to securing capital allocation.
Hill criticizes the government's procurement record and the lack of adherence to the "buy local first" policy, pointing to the government's recent decisions to import vehicles from China instead of supporting local manufacturers. Hill emphasizes the need for a level playing field and equal rules for all manufacturers, including domestic ones.
Brief written by urgent.news from Daily Maverick's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
