Automotive industry set back by unrest

Naamsa CEO Mikel Mabasa spoke with eNCA's Rofhiwa Madzena. Courtesy of #DStv403

JOHANNESBURG - New car sales figures are showing the extent to which last month's unrest and looting impacted the vehicle manufacturing sector.

While new vehicle sales rose a modest 1,7 percent year-on-year, they fell month-on-month as the unrest hindered economic activity.

READ: New car sales decline in February

The National Association of Automobile Manufacturers of South Africa says damage to assets and property, lost sales orders -- including cancellation of new developments -- have hit the sector hard.

The CEO Mike Mabasa says the month of July has been a difficult one with the recent cyber attack at Transnet disrupting vehicle exports and the recent riots causing logistical challenges on the N3 highway.

Source
eNCA

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