Vehicle export sales down 33.1%, auto industry loses more than R3bn due to unrest

The automotive industry was hard hit by unrest, lockdown level 4 restrictions and a cyberattack on Transnet.


The automotive industry was hard hit by unrest, lockdown level 4 restrictions and a cyberattack on Transnet.

  • Recent unrest in KwaZulu-Natal and Gauteng as well as the cyberattack on Transnet have negatively impacted vehicle imports and exports, data from naamsa show.
  • Physical damages to assets and property, lost sales orders and cancellation of new developments in the automotive industry are estimated at over R3 billion, said naamsa CEO Mikel Mabasa.
  • Lockdown level 4 restrictions have also slowed down the momentum of the automotive industry’s recovery.

Recent unrest in KwaZulu-Natal and Gauteng as well as a cyberattack on Transnet has

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