R4.8 billion in investment pledge in local motoring sector

Loading player...
GUEST – Renai Moothilal – CEO of National Association of Automotive Component & Allied Manufacturers (Naacam)

NAACAM's Renai Moothilal announced that sixteen exhibitors at this year's conference pledged over R4.8 billion in investment. Trade and Industry Minister Ebrahim Patel, who delivered a keynote address at the event in Tshwane today, says investment is the lifeblood of growth ...

Today marked the last day of the two-day NAACAM conference which is part of the biennial NAACAM Show gathering that brings together local and international automotive manufacturing experts, professionals, and enthusiasts to advance knowledge and foster collaboration within the local automotive components sector through insightful discussions and exhibits that showcase the depth of South Africa’s manufacturing capability in the key part of the country’s industrial economy.
31 Aug 2023 1PM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 10AM 20 min