ECONOMY Motor industry vital for economic growth

 

Gauteng – The automobile sector plays a big role in job creation and growth of small manufacturing companies. However,

NEWS

February 18 th, 2015

the sector remains critical for the provincial economic growth. Gauteng Premier said that the regions had suffered industrial decline over past few years. A strategy has been implemented by provincial government to re-industrialise, transform and modernise the sector. Gauteng car production accounts for an estimated 42% of all vehicle production in South Africa followed by Eastern Cape and KZN. 65% of components and parts are imported overseas. Naacam said that labour stability is crucial for the prosperity of the motor industry.


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