More than a quarter of small and medium enterprises (SMEs) in the SA motor industry could close if the lockdown is extended beyond the end of April at a cost up to 24,000 industry jobs, says Mike Mabasa, CEO of the National Association of Automobile Manufacturers of SA.

Many of the casualties could be small suppliers of sub-components and services, because they lack the scale and cash flow to sustain them through a prolonged period of inactivity...

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