Vehicle Production Hits the Brakes

SOUTH AFRICA - Report 19 Aug 2013 by Iraj Abedian
Workers in the South African vehicle industry embarked today on strikes due to a deadlock in wage negotiations between unions and employers. The performance of the vehicle industry has by and large been resilient during the first half of 2013. Also, vehicle sales grew by 7.5% in the year to July 2013 (see Graph 1). Graph 1 Annual Vehicle Sales Growth, South Africa, Jul. 2012 – Jul. 2013 Source: StasSA & PAIRS. Given this backdrop, if allowed to linger, the stalemate will in all likelihood wipe off some of the positive contributions that the vehicle industry has thus far made to economic gro...

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