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NAACAM raises R400 000 for automotive scholarship in memory of Johan van Zyl

NAACAM raises R400 000 for automotive scholarship in memory of Johan van Zyl
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

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Transnet crippled by cyberattack

Transnet crippled by cyberattack
mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.

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Logistics, supply chains sectors could play crucial role in rebuilding SA economy

Cape Business News
May 4, 2021
Logistics, supply chains sectors could play crucial role in rebuilding SA economy. Source: Bizz Community
The automotive sector, mining and agriculture have taken a huge knock in the past year, but remain South Africa’s best chance for a change in fortunes given their track record and faith placed in them by international markets.
Benefactor industries like logistics and supply chains could help with rebuilding the domestic economy in the aftermath of Covid-19’s lockdown impact. Stats SA, for example, reports that in the three months ended February 2021, seasonally adjusted motor trade sales increased by 0,5% compared with the previous three months. ....

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Auto sales race towards speed bump

Auto sales race towards speed bump
Vehicles are flying out of showrooms, but the boom won t last
11 April 2021 - 00:19 By David Furlonger
When is a recovery not a recovery? When it s a trick of the light. Last month s sharp rise in new-vehicle sales from a year earlier has offered a glimmer of hope after a year of misery. But while there seems no doubt that the vehicle market is over the worst of its Covid-inflicted trauma, the question is: are we seeing a sustainable recovery or simply a bounce off the basement floor?
Sales of new cars and commercial vehicles in March, at 44,217, were up 31.8% year on year. As a result, the aggregate market for the first three months of 2021 was 0.9% down on last year at 116,225. That s some improvement, considering that the year-on-year market at the end of February was 13.8% weaker. ....

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Electricity increase will disrupt SA automotive supply chain - AIDCEC

According to
bizcommunity.com, AIDCEC said rising input costs could stunt growth of volume and, particularly, exports, which in turn would make it difficult for the automotive sector to achieve targets for the country relating to inclusiveness, localisation and job creation.
AIDCEC CEO Thabo Shenxane said the tariff increase would also have a negative effect on the Eastern Cape economy which is driven by automotive manufacturing.
As South Africa s leading producer of vehicles and its biggest exporter, accounting for around 49% of SA s vehicle exports, the Eastern Cape and by extension South Africa s supply chain will be under even greater pressure to produce at competitive prices, Shenxane told ....

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