Tweet
Potential R60-billion to be invested in SA Motor industry over next five years

Potential R60-billion to be invested in SA Motor industry over next five years

06.09.2019: As much as R60-billion could be invested in the South African vehicle and component manufacturing industries in the next five years according to Andrew Kirby, the President of NAAMSA and President and CEO of Toyota SA Motors.

As much as R60-billion could be invested in the South African vehicle and component manufacturing industries in the next five years according to Andrew Kirby, the President of NAAMSA and President and CEO of Toyota SA Motors.



He was a keynote speaker at the annual NAAMSA Conference at the Kyalami Conference Centre on August 22. The conference was co-located by the Festival of Motoring, presented by WesBank and organised by Messe Frankfurt South Africa.



Kirby said this amount could be made up by R40-billion in direct investments by the seven vehicle manufacturers with an additional R20-billion going into component making.


He was speaking on the topic "How will localisation and transformation create joint prosperity and unlock growth?" at a conference that had the overriding theme "Re-imagining the future together".



Kirby, who was very positive in commenting on the opening address at the conference by Minister of Trade, Industry and Competition, Ebrahim Patel. He said that the local motor industry was not only leading the drive to increase


industrialisation in the country but was also a major employer with 407 000 people employed directly in various aspects of the industry. He added that this number can be multiplied by a factor of three to make 1.4-million people involved either directly or indirectly in the overall automotive industry.



The NAAMSA President said the industry was currently in a healthy position in terms of having a positive balance of trade account with the number of exported built-up vehicles and components growing steadily. However, he stressed the importance of being globally competitive in terms of cost, quality, and reliability of supply as several other countries were eying South Africa's automotive export markets.


Kirby said that major developments were required in the three sectors of the value chain, with vehicle manufacturers embracing advanced manufacturing technologies to boost productivity and quality, while the component sector needed to urgently develop Tier 2 and 3 suppliers and the dealers and retail sector needed to transform and uplift the informal sector.




"Growing production volumes, increasing localisation significantly and using the latest technologies in all aspects of the business are vital to transform the South African automotive industry and to this end the aim was increase output from the 610 000 vehicles made in 2018 to 800 000 in 2023," explained Kirby.



"We expect local procurement to grow by R12.6-billion in the next five years together with a 14% increase in direct employment, which equates to creating another 16 000 jobs, mainly in the component manufacturing sector as local content grows from 39% to at least 42%."


Kirby stressed the importance of collaboration between the various vehicle and component manufacturers to enable cost-effective localisation. Already 10 joint projects have been identified for this process.



He added that raw material beneficiation such as making automotive grade steel in SA was another priority and he was pleased to hear that the local steel industry was currently investigating these potentially valuable developments.


The NAAMSA President said that besides increasing localisation and direct employment the industry is also committed to establishing 500 Tier 2 and 3 suppliers with 130 of them black owned. Here he referred to the importance of the Automotive Transformation Fund as a key enabler.




Amanda Dube- photo quickpic.co.za

Permanent-URL: http://www.automobilsport.com/billion-invested-south-africa-motor-industry-next-five-years---196867.html

06.09.2019 / MaP

More News

"Motor manufacturers must manage a future not yet defined "
06.09.2019
The global vehicle manufacturing and related industries are facing enormous disruptors at present and it is a case of the sustainability and viability of these businesses relying on "an ability to manage a future not yet defined". This was the chal more >>
NAAMSA - Six Areas of Government focus for SA motor industry
06.09.2019
The Department of Trade, Industry and Competition, which is now headed up by Minister Ebrahim Patel, who was Minister of Economic Development for the past 10 years, has identified six focus areas to drive the South African automotiv more >>
Naamsa Automotive Conference : Heightened demands fom consumers of tomorrow
06.09.2019
The demands by consumers are not only changing these days but they are also becoming more demanding in the way they expect to be treated. This was the message from Ghana Msibi, the Executive Head of the Motor Division of WesBank, the countr more >>
smart at the 2019 International Motor Show in Frankfurt
05.09.2019
The new generation: Ground-breaking. Digital. Urban. smart is presenting its completely visually and digitally revised fortwo and forfour models at the 2019 International Motor Show in Frankfurt. Progressive more >>
Festival of Motoring, Kyalami Grand Prix Circuit review
05.09.2019
2019 Festival of Motoring, presented by WesBank, boasts strong visitor attendance and plenty of thrills for show visitors The fourth annual Festival of Motoring was held from the 22nd to the 25th August. The Kyalami Grand Pr more >>
ADAC SimRacing Expo and Blancpain attract thousands of spectators to the Nürburgring
05.09.2019
A story of success for six yearsSome of the world's best virtual racing drivers thrills the crowd in the ring°arena – Aston Martin, Ferrari and Lamborghini race across the real circuit.  The ADAC SimRa more >>
Delightful 1971 Ferrari Dino 246 GT wins Concours South Africa 2019!
03.09.2019
Best of Show clinched by pristine 1971 Ferrari Dino 246 GTSpring Day 2019 saw Best of Show awarded to a gleaming Ferrari Dino 246 GT which narrowly beat a very close field at Steyn City Parkland Residence.Second more >>
70 years of Audi in Ingolstadt: three special exhibitions at the Audi Forum
03.09.2019
photo caption: (left to right): Auto Union Type F91 (1954), race motorcycle „Singende Säge“ DKW 350 RM (1955), Race motorcyle 250 RM (1953)    Insights into the success story of the four rings at the AUDI AG headquarters more >>
Automechanika Shanghai reveals its future roadmap at the 15th edition celebrations
03.09.2019
Promotional activities rev up ahead of Automechanika Shanghai’s 15th edition. On 2 September, celebrations jumped into action at the Bellagio Shanghai. Over 180 industry leaders, organisers, long-time supporters, partners and media came tog more >>
Mercedes Benz at IAA – entirely new trade fair concept puts the focus on the customer
31.08.2019
Brand encounter instead of exhibitionAt the German International Motor Show (IAA) from 10 until 22 September 2019 in Frankfurt am Main, Mercedes-Benz Cars & Vans will present a totally new brand experience in the Frankfurt Festhalle. more >>
Freshly restored McLaren F1 #63 to premiere at Hampton Court Concours D'Elegance
30.08.2019
 McLaren F1 #063 on display at Hampton Court Concours d’Elegance has been fully restored by McLaren Special Operations (MSO)    Appearance follows announcement of McLaren F1 Certification programme at last year’s event    McLaren Automotive is the only body in the world sanctioned to issue the McLar more >>
MINI at the IAA 2019 in Frankfurt
30.08.2019
Show premiere for the all-electric MINI Cooper SE – New battery cell technology extends electric range of the MINI Cooper S E Countryman ALL4 plug-in hybrid by 30 per cent – Traditional British brand reflects on its 60-year heritage, presents current model range, new customisation options and the latest accessory and lifestyle produc more >>
The ID.3 celebrates its world premiere at the IAA Frankfurt
30.08.2019
The new ID.3 – still under wraps until the IAA - The vehicle is not yet available for sale in Europe.   The ID.31 is the first fully electric model based on the new MEB platform    E-mobility is t more >>
IAA Premiere: New Opel Corsa Meets Rare Corsa GT
29.08.2019
    Predecessor: rare first-generation Corsa on Opel stand    Time-travel: 1987 “young-timer” drives 2,700km from Portugal to IAA    World premiere: sixth-generation Corsa in the spotlight at Frankfurt show    In the tradition: from sporty Corsa GT to battery-electric Corsa-e Rall more >>
Automotive batteries will feature strongly at Automechanika Johannesburg
28.08.2019
Photo caption: Corné Strydom (left), AutoX Sales and Marketing Executive, and the company CEO, Glenn Geldenhuis, seen in the AutoX warehouse in Elandsfontein with a consignment of their popular Willard brand more >>
BMW at the IAA Cars 2019 in Frankfurt- Highlights
26.08.2019
- World premiere for the new BMW X6: founder member of the Sports Activity Coupe (SAC) category enters its third generation, combining the agility and versatility of a BMW X model with the attention-grabbing aesthetic appeal of a BMW coupe; crisp design lan more >>
Hyundai Motorsport set to go electric
26.08.2019
Hyundai Motorsport has begun work on its first ever electric race car in an exciting new project that will herald a new motorsport era for the company.The car, which has been designed and built at Hyundai Motorsport's headquarters in Alzenau, G more >>
Festival of Motoring - ID.R thrills fans at popular automobile festival in South Africa
26.08.2019
70,000 visitors who descended on the Festival of Motoring at the Kyalami Grand Prix Circuit (ZA) were able to get to see the all-electric race car with their own eyes at the Volkswagen stand for four days. This year, it has already set records more >>
MINI celebrates 60 years in style
26.08.2019
The first Mini rolled off the production line in Oxford on August 26, 1959 . Sixty years ago, driving changed forever. The year was 1959. The first Barbie Doll was introduced, The Twilight Zone premiered on television, the first Americ more >>
World premiere for “New Volkswagen” at the IAA Frankfurt
23.08.2019
Volkswagen's new visual language will be more human and more lively, focusing on customers and their lives.    Volkswagen brand presents new brand design and new logo at the Frankfurt Motor Show    more >>
CUPRA teases the interior of all-electric concept-car
22.08.2019
The CUPRA Concept will make its world debut at this year’s IAA Frankfurt International Motor Show. •    CUPRA’s first all-electric road vehicle, projects a bold statement with a confident exterior design, bala more >>
Lamborghini Revels during 2019 Monterey Car Week
20.08.2019
•    Global debut of Aventador SVJ 63 Roadster and new Lamborghini Lounge Monterey•    Art collaboration with street artist Skyler Grey showcased on Aventador S•    Spec more >>
Rolls-Royce Motor Cars presents Bespoke Cullinan in Fux orange to famed collector
20.08.2019
Car collector Michael Fux today received his twelfth Bespoke Rolls-Royce commission, and it was another stunning reveal.Unveiled at ‘The Quail, A Motorsports Gathering’, Rolls-Royce Motor Cars debuted the spectacularly color more >>
NAAMSA Conference South Africa has two involved partners
20.08.2019
The National Association of Automobile Manufacturers of South Africa (NAAMSA) enjoys the support of two major partners in the staging of its annual conference, which has been co-located for the past three years with the Festival of Motoring presented by WesBank at the Kyalami Grand Prix Circuit. These two companies, which will be giving their support to the conference on August 22, are the Inno more >>
Automechanika Shanghai 2019 helps industry players compete in the new aftermarket game
19.08.2019
Automechanika Shanghai digs in deep and gives prominence to the latest global trends in OE and the aftermarket. Several zones and events will highlight a multitude of growing areas, such as Body & Paint in the Repair & Maintenance sector. The show will also delve into new business models for the proliferating service and chain store segment, and expand upon the prosperous customis more >>
McLaren Automotive announces striking new Ultimate Series model at Pebble Beach Concours
16.08.2019
.... promising open-top driving perfection    CEO, Mike Flewitt reveals design rendering of stunning new model to McLaren customers    Striking, roadster will debut in 2020 and promises purest driving experience yet    Strictly limited production – just 399 cars to be built &nbs more >>
ID. BUGGY at Pebble Beach Concours D’Elegance
16.08.2019
Concept car takes the idea of the legendary dune buggies into the age of electric mobility with a 62 kWh battery and 150 kW / 204 horsepower    Next-generation design is off-road ready and features no roof or doors for the purest beach cruiser experience    ID. BUGGY1 shows the MEB platform can be used by start-ups for a wide varie more >>
Automotive art and street art come together in the Lamborghini Aventador S by Skyler Grey
16.08.2019
...at Monterey Car Week 2019 •    A pop interpretation of the Aventador S by the American artist Skyler Grey, one of the youngest and most influential representatives of street art worldwide •&nb more >>
New Opel Astra Shares Calibra’s Crown- Kings of Aerodynamics
15.08.2019
    Most aerodynamic: new Astra hatchback and Sports Tourer lead their class    Active full-face shutter: front grille opens and closes according to driving conditions    Smooth airflow: aerodynamically optimized underbody for even lower drag    IAA star: new Astra makes world premiere at Fra more >>
New Opel Corsa at IAA - Sporty, stylish, economical – and electric for the first time
15.08.2019
The new 4.06-metre long Opel Corsa is more modern, dynamic and efficient than ever. It comes with particularly economical petrol and diesel engines featuring power outputs ranging from 55kW (75hp) to 96kW (130hp) (NEDC4 fuel consumption: urban 5.4-3.7 l/100 km, extra-urban 4.1-2.9 l/100 km, combined 4.6-3.2 l/100 km, 105-85 g/km CO2; WLTP5 combined: 6.4-4.0 l/100 km, 144-104 g/km CO2). more >>
Most efficient Opel Astra ever at IAA Frankfurt - Up to 21 per cent less CO2
15.08.2019
With a completely new generation of engines and transmissions, the Opel Astra sets standards for low emissions. The Astra’s ultra-modern three-cylinder petrol and diesel engines ensure lively driving performance and top driving comfort with optimum noise attenuation. A counter-rotating balance shaft in the engine block offsets vibrations. more >>
New Opel Grandland X Hybrid4 with all-wheel drive at IAA - Charge and go
15.08.2019
In addition to the new Corsa-e, the next model in the Opel electric offensive is the Grandland X with state-of-the-art plug-in hybrid technology and all-wheel drive. The propulsion system of the Grandland X Hybrid4 includes a WLTP-certified 147kW (200hp) 1.6-litre turbocharged direct-injection petrol engine. more >>
New Opel Zafira Life at IAA Frankfurt - Multi-purpose van in top form
15.08.2019
For 20 years now, attractive, flexible and practical vans have been named Zafira. This credo will be continued at the 2019 IAA with the Opel Zafira Life. The fourth model generation is available in three lengths – the 4.60 metre “Small”, the 4.95 m “Medium” and the 5.30 m “Large” – each of which comes with up to nine seats. more >>
Opel World Premieres at 2019 IAA
15.08.2019
- New Astra, New Corsa and Grandland X Plug-In Hybrid-    Success story, act six: new Corsa as all-electric version for first time    300hp and AWD: new Grandland X Hybrid4 version tops Opel’s SUV family more >>
20 Years of BMW Performance Center Driver Training and Experiences
15.08.2019
    The 2.3-mile track has hosted over 250,000 students and visitors.    Over 23,000 new vehicles delivered via Performance Center Delivery Experience.    BMW Performance Center West with 4.5-miles of track added in 2014.  more >>
M-Sport look to the future following 40 years in business
14.08.2019
Gathering to celebrate 40 Years in Business for M-Sport Managing Director Malcolm Wilson OBE, staff at the Cockermouth-based motorsport company are also looking to the future with work on a state-of-the-art Evaluation Centre at the Dovenby Hall Estate now entering its final phase. more >>
The new McLaren GT by MSO at Pebble Beach Concours d'Elegance
14.08.2019
    The new McLaren GT by MSO can be seen on the Concept Car Lawn on Sunday, August 18    Drawing inspiration from British architecture, the McLaren GT by MSO is designed as a showcase of the personalisation available more >>
BMW is celebrating ‘50 years of Turbo Power in motorsport’ in 2019.
14.08.2019
From M121 to P48: An overview of the evolution of BMW Turbo engines in motor racing.BMW is celebrating ‘50 years of Turbo Power in motorsport’ in 2019. From the first turbo engine back in 1969 to the latest P48 more >>
Audi to bring the action this year at the Festival of Motoring at Kyalami Circuit!
14.08.2019
•    South Africa's biggest automotive showcase, the Festival of Motoring takes place from 22 - 25 August at the Kyalami Grand Prix Circuit•    Audi to utilise the event to launch key, new models into the more >>

2001-2019 automobilsport.com full copyright