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
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Equatorial Guinea increased GEPetrol’s stake from 5% to 32.55% in the Aseng Gas project. Chevron committed to finance the increase while retaining its...
African banana exports rose 5% to 753,000 tonnes in 2025, according to FAO estimates. Ghana recorded the fastest growth, increasing exports 27.72% to...
Zimbabwe generated $3.4 billion in mineral export revenues in 2025, excluding gold and silver, according to the MMCZ. Total mining revenues...
Nigeria issues 501bn naira bond to clear power sector arrears Institutional investors fully subscribed to inaugural PPSDRP offering Programme aims to...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...