Motor industry may recalibrate transformation targets
The government wants black-owned companies to account for at least 25% of value addition in local vehicle manufacture
04 December 2024 - 05:00
Ambitious plans to increase black participation in the SA motor industry are bearing fruit. However, slower-than-expected growth across the industry as a whole may cause planners to cut back on their transformation timetable.
CEO of the Automotive Industry Transformation Fund (AITF), Jabulani Selumane, says a planned 2025 review of government automotive policy may lead to a “recalibration” of transformation targets. Since 2020, the AITF has helped establish 67 black-owned companies in activities as diverse as alloy wheels, car-carriers, plastic parts, aluminium sub-assemblies and camshafts...
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