A successful African motor industry could meet everyone’s market needs.
The production line at BMW’s plant in Rosslyn, Gauteng. Picture: Waldo Swiegers/Bloomberg
Ashit Shah, a director of the Kenya Association of Manufacturers, says consumers have more basic requirements. A typical Kenyan car buyer, he says, wants a simple vehicle that can carry passengers during the week and goods at weekends. AAAM is spearheading a movement to develop a pan-African motor industry consisting of interlinked, regional manufacturing centres in East, West, North and Southern Africa. The idea is that one country in each region would be the vehicle manufacturing “hub”, with neighbours providing components, technology and support services.
Frederick Seidu, a senior trade specialist at the Cairo-based African Export-Import Bank , says this shortage of vehicles is not for want of demand. However, many African countries have not only high interest rates but also deficient banking systems where credit finance is unavailable. Coffey believes that a 5-million vehicle market will justify 20 full-scale vehicle manufacturing plants — plus components and support industries to accompany them. SA already has seven plants, with two more potentially in the offing. If sales explode, it’s hard to believe Morocco and its mainly European automotive investors, most of whom don’t manufacture in SA, wouldn’t shift their attention southwards.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DAVID FURLONGER: Come one, come allA successful African motor industry could meet everyone’s market needs.
Read more »
Homeless comedian: David Kau has failed to settle his R1 million mortgageHomeless comedian: David Kau has failed to settle his R1 million mortgage Producer and comedian of the 'Blacks Only Comedy' - David Kau is about to lose his house for reportedly failing to pay his R1 million loan.
Read more »
Mpumalanga moves out of David Mabuza's shadow | CitypressProvincial ANC finally elects new leadership – five years after its former leader left to take up his position as deputy president of SA. | City_Press
Read more »
Bank wants David Kau’s house | CitypressDavid Kau's bank is demanding that he settle more than R1 million of his mortgage.
Read more »
DAVID BUCKHAM: Crypto at a crossroadsThe defenders of decentralised finance should wrestle with their conscience over Russia’s war.
Read more »
Blow for David Mabuza as Ramaphosa’s backers snatch ANC MpumalangaDeputy president David Mabuza has lost control of the ANC in his stronghold of Mpumalanga, which will make it difficult for him to launch a campaign to be re-elected party deputy president.
Read more »