CAPE TOWN - The government says despite bracing several headwinds, the country’s automotive sector remains a key contributor to the economy.
Delivering the keynote address at the South African Automotive Week in Cape Town, President Cyril Ramaphosa says the sector contributes 5,3% to the country’s gross domestic product.
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The Automotive Business Council, Naamsa, says R1,75 trillion worth of export revenue was generated between 1995 and last year.
eNCA's Kevin Brandt filed this report.