After posting bumper sales in recent months, the latest data from the Automotive Business Council (formerly known as the National Association of Automobile Manufacturers of South Africa – Naamsa) indicate that the sector is slowing down, with 4.1% fewer sales for September. And there are concerns that a range of external factors, including affordability, high debt levels, inflation and the fuel price are starting to overload the local industry. Full story: https://www.dailymaverick.co.za/article/2023-10-15-south-africas-automotive-sector-appears-to-be-stalling/
