The Association of African Automotive Manufacturers believes there is a market potential of five million a year.
German Chancellor Angela Merkel can be seen with South African President, Cyril Ramaphosa at the BMW Plantation in Rosslyn during a walkabout of the facilities, 6 February 2020, Pretoria. Picture: Jacques Nelles
moment because the agreement is without doubt the greatest opportunity to unlock the unbelievable potential of what will be the biggest economic bloc in the world. They’re cheap in the short term but expensive in the long term, because there are no standards, safety or environmental. Automotive industries create critically important balances of trade; earning foreign exchange by exporting locally made vehicles rather than spending vitally needed foreign funds to import them.
SA produced 631 921 vehicles in 2019. That same year, 536 612 new vehicles were sold in the country. In Nigeria, by contrast, only 10 000 new vehicles were sold. Bear in mind, these two countries are Africa’s biggest economies. The key to that is creating automotive hubs in Africa, which at the moment would be centred in Kenya, Egypt, Ethiopia, Nigeria and Tanzania.
Just as not every country can make vehicles, not every region can make the same vehicles, but equally there isn’t a single solution to mobility.
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