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AGM Report: 20 years of the DAC! How has industry changed?

AGM Report: 20 years of the DAC! How has industry changed?

After 20 years, how does the DAC continue to be relevant and provide value-adding services to the industry?

Over 20-years, the DAC has proven to be a critical enabler for the local automotive industry. The ability to pivot to industry needs, support firms with development programmes at scale, and strengthen the relationship between the local industry and local government. The cluster has remained relevant by being industry-led and driven by leaders of the local automotive industry.    

Industry insight 

The year 2021 brought many challenges for the global automotive sector. These included having to continue to learn to live and operate with the COVID-19 pandemic, as well as numerous supply chain challenges. The most notable of these being the global semi-conductor shortages.

Despite the challenges, total South African vehicle production improved by over 50 thousand units in 2021 to almost 500 thousand. While still well behind levels achieved pre-2020, the growth is encouraging, with total levels forecast to reach between 550 and 570 thousand in 2022.

Get insights into the automotive industry, our Cluster's programmes, and financial statements by clicking the below image. 

Get insights into the automotive industry, our Cluster's programmes, and financial statements by clicking the image.

 

 

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