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.
- 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
August 2, 2021
