South Africa's Auto Sector Hit by Job Losses and Company Closures

South Africa's auto sector hit by job losses and company closures

South Africa's automotive industry employs 115,000 people directly, with over 80,000 in component manufacturing alone

Auto sector hit by job losses and company closures

By Nqobile Dludla Low domestic sales of locally made cars, an influx of imports and low levels of local content have led to 12 company closures and over 4,000 job losses in the South African motor industry over two years, the trade minister said on Wednesday. South Africa, a market long dominated by the likes of Volkswagen, Toyota and Mercedes-Benz, saw sales of 515,850 locally produced cars last year, far below the South Africa Automotive Maste…

SA's auto sector hit by job losses and company closures

Low domestic sales of locally made cars, an influx of imports and low levels of local content have led to 12 company closures and over 4,000 job losses in the South African motor industry over two years, the trade minister said on Wednesday, 13 August. Read more...