SA motor industry remains a driving economic force
1,270 views · Published 28 October 2018 · 2:41 · Indexed 22 September 2026
Channel: SABC News · 2018 · News & Politics
The motor industry in South Africa is one of the driving economic forces in South Africa. This industry will feature prominently in President Cyril Ramaphosa's upcoming Investment Summit in South Africa. Ramaphosa has set a target of attracting $100-billion-worth of direct investment over the coming five years as part of efforts to re-ignite and stimulate job creation. The auto industry in South Africa accounts for about 7% of the GDP. This sector has proved to be one of the highlights through a period of sluggish economic growth. For more news, visit: sabcnews.com
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