NAACAM (National Association of Automotive Component and Allied Manufacturers) welcomes the finalisation of the SA Automotive Masterplan process and the announcement of the policy that will be used to achieve the objectives of the sector by 2035.
“It is our view that this process has been adequately robust. The end outcome is balanced and in the long-term interests of South Africa as a manufacturer of automotive products. We are satisfied that
Renai Moothilal, NAACAM executive director stated that “the conversion of what was previously purely an incentive for vehicle assembly, to one that factors in
The SA Automotive Masterplan has set out several objectives, including having a localisation rate of 60% and doubling employment in the whole sector by 2035.
With the high-level policy announcement now complete, NAACAM commits itself to
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IRMA VENTER CREAMER MEDIA SENIOR DEPUTY EDITOR
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