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Accepts that global technological shifts could leave SA with stranded vehicle assembly assets. 00:01
The country needs to maintain its capacity to export to key markets such as the EU and UK, says Ebrahim Patel. Image: Waldo Swiegers, Bloomberg
The government has taken the first step towards mapping out a roadmap for the production of full electric vehicles (EVs) in the country with the publication of an Auto Green Paper on the advancement of new energy vehicles in South Africa.
The release of the green paper coincided with a budget vote speech on Tuesday (May 18) by Minister of Trade, Industry and Competition Ebrahim Patel, who stressed that the green paper is not official government policy.
Cape Business News
May 4, 2021
Logistics, supply chains sectors could play crucial role in rebuilding SA economy. Source: Bizz Community
The automotive sector, mining and agriculture have taken a huge knock in the past year, but remain South Africa’s best chance for a change in fortunes given their track record and faith placed in them by international markets.
Benefactor industries like logistics and supply chains could help with rebuilding the domestic economy in the aftermath of Covid-19’s lockdown impact. Stats SA, for example, reports that in the three months ended February 2021, seasonally adjusted motor trade sales increased by 0,5% compared with the previous three months.
According to
bizcommunity.com, AIDCEC said rising input costs could stunt growth of volume and, particularly, exports, which in turn would make it difficult for the automotive sector to achieve targets for the country relating to inclusiveness, localisation and job creation.
AIDCEC CEO Thabo Shenxane said the tariff increase would also have a negative effect on the Eastern Cape economy which is driven by automotive manufacturing. As South Africa s leading producer of vehicles and its biggest exporter, accounting for around 49% of SA s vehicle exports, the Eastern Cape and by extension South Africa s supply chain will be under even greater pressure to produce at competitive prices, Shenxane told
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