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Engineering News reports that achieving 60% local content on vehicles assembled in SA will have a significant impact on the economy, including the creation of 49,000 new jobs and the addition of R68-billion to the gross domestic product.
This was said by Automotive Masterplan lead and B&M Analysts chairperson Dr Justin Barnes at the National Association of Automotive Component and Allied Manufacturers of SA (Naacam) show held in Durban this week. He indicated that the development of an Automotive Masterplan was at an “advanced stage of development” and that more concrete details would be shared over the coming weeks. The Automotive Masterplan is set to replace government’s current automotive industry support programme, the Automotive Production and Development Programme (APDP), when it comes to an end in 2020. Naacam president Dave Coffey stated: “Given the fact that approximately triple the number of jobs are created in component manufacturing than in vehicle assembly, there is commitment across the board to deepen levels of local content. This responsibility falls as much with tier one component manufacturers as it does with [vehicle manufacturers].”
- Read this report in full at Engineering News
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