With finance MEC Mlungisi Mvoko revealing that the province is dipping into its reserves again, withdrawing R800m to offset a budget deficit, concerns have emerged regarding a potential cash shortage in the Eastern Cape.
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The Automotive Industry Development Centre Eastern Cape has been tasked to work with the private sector to gear up the province for a transition to electric vehicles.
e-Mobility is creating all the buzz in the motoring industry at the moment and is sure to continue influencing perceptions and prospects of the sector.
The Automotive Industry Development Centre Eastern Cape (AIDC-EC) closed an agreement with two leading international automotive bodies on Monday to ensure the province remains a pivotal player in SA’s automotive sector.