Components demand a good sign for SA’s automotive industry

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Growth is set to be bigger after 2021 when government policy demanding more than 50% local content kicks in

Promising growth in demand by vehicle manufacturers for SA-made automotive components cannot hide underlying challenges faced by the local components industry, a report noted on Thursday.

The report, by B&M Analysts, was commissioned by the National Association of Automotive Component and Allied Manufacturers (Naacam). It shows that SA component suppliers grew average rand sales by 10.7% in real terms between 2016 and 2018.

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article image Components demand a good sign for SA’s automotive industry Picture: QUICKPIC