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
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Authorities set September 2027 as the date for Madagascar’s next presidential election under the Refoundation program. The roadmap outlines three...
Only 36% of Africans view Russia’s economic and political influence as positive, while 23% rate it negative, according to Afrobarometer. China...
The government mobilized 300 million dirhams ($33 million) to support farms hit by floods in the Gharb and Loukkos irrigated areas. Authorities...
Vodafone expands Amazon LEO satellite partnership in Africa Satellites to backhaul mobile base stations to core network Move targets rural...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...