Roy Cokayne
2 minute read
26 Feb 2021
7:45 am

More investments anticipated for SA’s automotive industry

Roy Cokayne

There are original equipment manufacturers that are definitely considering some capital investment projects this year.

Car factory. Picture: YouTube

The National Association of Automobile Manufacturers of South Africa (Naamsa) is anticipating another very good year of capital investment commitments by automotive original equipment manufacturers (OEMs) in South Africa. Naamsa chief executive Mikel Mabasa said this week it is anticipating that a number of automotive OEMs will be considering capital investment projects in South Africa this year. “I don’t want to steal their thunder but there is a major Chinese company, which is going to produce heavy commercial vehicles in the country this year,” he said. Record year Mabasa’s comments follow Naamsa this week releasing its quarterly review of business...