SOUTH AFRICA’S AUTO SECTOR STRUGGLES WITH INDUSTRIAL DISCORD, BUT MANUFACTURERS WILL STAY, SAY EXPERTS
April 14th, 2014
Despite losing USD2 billion in sales during industrial action last year, and wage-related strikes being an annual specter, the lure of the sub-Saharan Africa market should ensure in South Africa car manufacturers do not divest from the country, according to industry experts.2013 was a difficult year for the car industry in the continent’s economic powerhouse, a production base for many of the world’s largest international automobile companies, including Ford, BMW, General Motors and Mercedes Benz.It was only after eight weeks of consecutive strikes by ...
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