Business
South Africa on target to building 1.2 million vehicles per year by 2020
Africans at Work. PHOTO/Volkswagen South Africa
South Africa’s government is working with its partners to ensure that by the year 2020 some 1.2 million vehicles will be produced in the country.
Trade and Industry Minister Dr Rob Davies revealed the ambitious figure during the African Automotive Week Conference held in Port Elizabeth earlier this week.
He said: “The realization of the target of producing 1.2 million vehicles per year by 2020 depends on the contribution of all the stakeholders in the automotive sector.
“It is not just the target of the Department of Trade and Industry, but it is a target that has been agreed upon by all stakeholders in the motor industry.
“It is the target that guides the implementation of the new Automotive Production and Development Programme that is administered by the department but its realization depends on us working together.”
Final discussions are due to be held next week on the new Automotive Production and Development Programme which is hoped to be implemented from January 2013.
