Last year, the South African car industry sold a total 386,863 vehicles on the international market; 10.2% more than the 351,000 cars exported in 2018. According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), the increase was driven by the improved production at the country's main assembly plants.
On the local market, however, sales dropped by 2.8% year-on-year in 2019 due to the current sluggish state of the South African economy with high unemployment.
As a reminder, the South African automotive industry accounts for 14% of the value of the country's exports and is the largest component of its industrial sector. It employs more than 100,000 workers.
Moutiou Adjibi Nourou
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Authorities investigate gaps between reported and actual fuel stock levels Suspected data manipulation may have created a false shortage...
Gisèle Mélanie Houngue appointed CEO of BGFIBank Benin, replacing Alexis Louéké Veteran of the group with over a decade in finance and audit...
World Bank backs industrial policy as a shield against compounding shocks — a landmark shift from the Washington Consensus orthodoxy it championed for...
Africa counts more than 1,000 tech hubs in 2024, up from fewer than 600 in 2019 Leading ecosystems in Kenya, Nigeria and Rwanda attract capital and...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...