Description

South Africa is a democratic republic with a stable political system. The economic environment is forecast to remain stable, with policy focus on employment creation through growth and stability. The automotive industry in South Africa is well established, with a number of international car manufacturers present in South Africa. The industry is the largest in the manufacturing sector. The new automotive production development plan is set to provide incentives and increase local content in locally manufactured vehicles - enhancing the competitiveness of the industry. Catalytic converters is the greatest export for the automotive components sector and has a 14.0 percent share of the world market.