AUTOMOTIVE & COMPONENTS

The South African government has focused its automotive industry’s growth strategies on becoming highly integrated into the global automotive environment. According to the South African Automotive Masterplan (SAAM) for 2021-2035, the primary objective is to produce 1% of global vehicle production. Which is already on track with a 0.62% global vehicle production market share which enhances the country’s global ranking and status. Vehicle production revenue is expected to show an annual growth rate of 1.79%, resulting in a projected market volume of US$9.8bn by 2027.​

The value-chain is anchored on the seven OEMs which make provision for the manufacturer, distribution and maintenance of vehicles and components.​

#ThisIsWhyWeMatter​

To invest in the South African Automotive and Components sector, visit www.investsa.gov.za