Electricity increase will disrupt SA automotive supply chain - AIDCEC
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 Sou...
Source: just-auto.com