South Africa’s automotive component exports grew by 47% in value last year to about $US1.8 billion, figures released by the Automotive Industry Export Council show, writes Dave Cumming.
Catalytic converters dominated at $0.8 billion, virtually double the figure for the previous year but there was growth in 23 of 31 categories of components.
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Industry spokesmen have attributed the excellent performance to the rand#;s weak value and incentives created by the government’s Motor Industries Development Programme.
There were also spin-offs from vehicle exports by global manufacturers, whose South African operations were increasingly integrated into their international component supply networks.
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