Hundreds of billions of rands have been invested in South Africa’s automotive sector, which by 2023 was already worth more than R500 billion per year.

This is according to Drive.co.za, which notes that South Africa is fortunate to possess an independent, multi-brand, automotive industry.

The car subscription company adds that the sector plays an indispensable role in providing mobility to all South Africans, promoting consumer choice and maintaining vehicles.

It adds that the automotive sector also provides ample facilities for refuelling and shopping convenience.

Based on data from sources including Stats SA and the Automotive Business Council (Naamsa), the local automotive industry contributes to 4.9% of the country’s GDP.

The manufacturing and retail segments of the sector are responsible for the estimated combined employment of 580,000 individuals – including estimates for petrol garage workers, among others.

According to Drive.co.za, since South Africa’s transition to democracy, approximately R130 billion has been invested in the industry by domestic original equipment manufacturers (OEMs).

Click below to read the full article.