The value of South Africa's automotive exports exceeded R400 billion in 2023,chief executive officer of the Automotive Business Council (naamsa) Mikel Mabasa has said.
Passenger vehicle sales continued to decline, with a year-on-year decrease of 0.9% to 44 749 units.
In contrast, exports grew by 8 526 units or 27.5%, to 39 517, compared to the 30 991 vehicles in February 2023.
We understand the importance of upgrading ports infrastructure, enhancing rail networks, and fostering private sector partnerships for efficient logistics operations, Mabasa said with reference to improved logistical operations for enhanced import-export capacity.
These improvements are essential for maintaining the industry's competitiveness globally, and the sector is ready to collaborate with Transnet to make tangible systems improvements in our logistics.
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