Strategy for motor industry will ‘kickstart economic activity’
The extended Automotive Production and Development Programme requires an increase in local content and increased black participation in the industry
The government’s latest development strategy for the motor industry “will kickstart economic activity in the value chain and unlock opportunities around transformation and employment”, Renai Moothilal, executive director of the National Association of Automotive Component and Allied Manufacturers (Naacam), said on Friday. He was speaking after trade and industry minister Rob Davies unveiled an extended programme that will require SA-based motor companies to drastically increase local content in their vehicles and drive increased black participation in the industry. Davies estimates the changes will double motor industry employment from 120,000 to about 240,000. The Automotive Production and Development Programme (APDP), which has governed the industry since 2013, is due to expire at the end of 2020. However, instead of being replaced, as was the case with previous programmes, it will be extended to 2035. The underlying principles will remain but there will also be important policy c...
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