Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
  • Cue Media
    • Cue online
    • Cue Archives
Facebook Twitter Instagram
Trending
  • Boxing Heritage Hero: Mzimasi ‘Stopper’ Mthana
  • Makhanda Heritage Day MMA tournament thrills fans
  • Amasango Career School premises handover in Extension 10
  • Gutters for the rain
  • Anti-Crime group murder trial postponed
  • Concern and condemnation of recent attacks on Grocott’s journalist
  • Bekushiyana OoMama ukondla kwi tumente yamagqiyazana
  • Makana’s crime spirals out of control
Facebook Twitter Instagram
Grocott's Mail
  • NEWS
    • Courts & Crime
    • Features
    • Politics
    • People
    • Health & Well-being
  • SPORT
    • News
    • Results
    • Sports Diary
    • Club Contacts
    • Columns
    • Sport Galleries
    • Sport Videos
  • OPINION
    • Election Connection
    • Makana Voices
    • Deur ‘n Gekleurde Bril
    • Newtown… Old Eyes
    • Incisive View
    • Your Say
  • ARTSLIFE
    • Cue
    • Makana Sharp!
    • Visual Art
    • Literature
    • Food & Fun
    • Festivals
    • Community Arts
    • Going Places
  • OUR TOWN
    • What’s on
    • Spiritual
    • Emergency & Well-being
    • Safety
    • Civic
    • Municipality
    • Weather
    • Properties
      • Grahamstown Properties
    • Your Town, Our Town
  • OUTSIDE
    • Enviro News
    • Gardening
    • Farming
    • Science
    • Conservation
    • Motoring
    • Pets/Animals
  • ECONOMIX
    • Business News
    • Entrepreneurship
    • Personal Finance
  • EDUCATION
    • Education NEWS
    • Education OUR TOWN
    • Education INFO
  • Covid-19
  • EDITORIAL
  • Cue Media
    • Cue online
    • Cue Archives
Grocott's Mail
You are at:Home»OUTSIDE»Motoring»SA motor industry holds despite turbulence
Motoring

SA motor industry holds despite turbulence

Sam SpillerBy Sam SpillerJuly 14, 2017Updated:November 9, 2017No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

Despite operating in a turbulent economy brought on by political fighting circumstance, the South African motor industry is doing surprisingly well.

This was the opinion of economics commentator Dr Azar Jammine, Director and Chief Economist at Econometrix. Speaking at a recent launch breakfast for Automechanika Johannesburg, Jammine explained that while the decline in recent new vehicle sales have had repercussion for the affected retailers, there had been the provision for an increase in the after-sales market, with consumers looking to keep and maintain their current vehicles resulting in increased service and maintenance. This assertion is assisted by other economic factors, such as decreased fuel prices, a lower-than-expected inflation rate, and a rise in the demand for electricity.

Jammine also noted that while the country was suffering an economic downturn, South Africa remains the largest vehicle market in Africa, with new car sales amounting to 37% of the continent share. He also noted that unemployment, low education levels remained challenges to the industry, as well as rating downgrades.

Previous ArticleControlled blasting on the N2 between Dutywa and Mthatha
Next Article And that, Grahamstown, is what a recession looks like
Sam Spiller
  • Website

Comments are closed.

Tweets by Grocotts
Newsletter



Listen

The Rhodes University Community Engagement Division has launched Engagement in Action, a new podcast which aims to bring to life some of the many ways in which the University interacts with communities around it. Check it out below.

Humans of Makhanda

Humans of Makhanda

Weather    |     About     |     Advertise     |     Subscribe     |     Contact     |     Support Grocott’s Mail

© 2023 Maintained by School of Journalism & Media Studies.

Type above and press Enter to search. Press Esc to cancel.