“The SONA was encouraging in that President Ramaphosa reflected on the importance of investment and a sectoral focus to growing the economy, whilst also being clear in his commitment to promoting a business-friendly regulatory environment”
“President Ramaphosa spoke about the importance of enhancing demand for local goods, and this ties up to the recently unveiled SA Automotive Masterplan 2035, which is already positively impacting the demand for local automotive components, which are high value intermediate domestic products”
“NAACAM welcomes the president’s announcement on plans to revitalise and restructure Eskom. Competitive electricity supply is a key input to automotive manufacturing, and the performance of Eskom in recent years has not aided the sector’s global competitiveness levels”
NAACAM is the National Association of Automotive Components and Allied Manufacturers.