/ 25 May 2000

VEHICLE EXPORTS COULD BE UP R2bn

THE National Association of Automobile Manufacturers anticipates vehicle exports will exceed R7-billion this year. South Africa exported R10-billion worth of components and about R5-billion worth of vehicles last year. Analysts said the industry has undergone massive changes since protectionism was lifted in 1994. A report this week by national automobile group Naamsa, says that the sales of passenger cars in South Africa increased by 27,1% to 55385 units in first quarter of this year.