GDP contribution of motor industry could be higher than thought
Many aspects of the industry are not included in its official GDP contribution figure
17 February 2025 - 09:22
The real contribution of the automotive industry to the SA economy could be up to 300% higher than estimated because the official figure excludes many of the activities that play a part, George Mienie, CEO of online vehicle retailer AutoTrader, has said.
He said the “fragmented” nature of the industry caused government to undervalue its importance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.