The past few years have been tough for those involved in the automotive industry. From peak highs in 2006, demand has tailed off, made worse, of course, by the recession and subsequent drop in consumer spending.
South Africa exported R44 billion of components in 2008, according to the National Association of Automotive Component and Allied Manufacturers (Naacam).That dropped to R28 billion in 2009 as the global recession hurt vehicle sales.
The level hasn’t improved much in 2010, so far, despite a clear upturn in the industry.
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