Ramaphosa launches automotive hub, which may provide over 5K jobs

Polymathic

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22,668
There MUST be some sort of government "subsidy"
or
OTHER "incentive"

The ECONOMICS does NOT compute
Yup you know "old money" property developers who made thier wealth as result of the mining industry greasing the palms of ANC members to ensure they get all the new development
 

ArtyLoop

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A piss in the face is more like it, the ONLY reason an international automotive manufacturer will have a local presence is the tax-payer raping scheme that is MIDP / APDP / whatever they choose to name it next.

The nett result? Car buyers in South Africa get rammed hard, high and dry, effectively paying the price for this. How many people would willingly pay 20% extra for a new car in order to "create" 5000 jobs?
Thanks for this, I was going to type the TL:DR version but your summary is perfect!
 

ForceFate

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Messages
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There MUST be some sort of government "subsidy"
or
OTHER "incentive"

The ECONOMICS does NOT compute
Rosslyn wasn't built today. There must have been incentives in the beginning and there's a chance there are incentives now.
 

Supervan II

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Messages
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For them. For a while yes. But we’re pretty much doing everything politically and ideologically that will destroy far more jobs than that monthly. Sorry to be negative, but that’s just the reality of a corrupt socialist state.
Agreed. Let's be realistic here: The new car market is shrinking, rather than booming. Add to that the extra taxes, fuel price hikes and the forever increasing labour costs (without the subsequent rise in productivity) and you get the full picture - it cannot improve in the foreseeable future.

And with the current obsession to strike/disrupt/destroy everything in sight ...
 

shooter69

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Agreed. Let's be realistic here: The new car market is shrinking, rather than booming. Add to that the extra taxes, fuel price hikes and the forever increasing labour costs (without the subsequent rise in productivity) and you get the full picture - it cannot improve in the foreseeable future.

And with the current obsession to strike/disrupt/destroy everything in sight ...

You all understand that the cars built in SA is not only sold in SA right? Most cars are exported overseas.
 

Supervan II

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You all understand that the cars built in SA is not only sold in SA right? Most cars are exported overseas.
How many exactly? Certainly not most. Unless it is 75%+ it will not make one iota of difference to my comment.

And importing of other models offset the sales of those that are locally built/exported.

I hail from the original SA motown, BTW.
 

TheChamp

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How many exactly? Certainly not most. Unless it is 75%+ it will not make one iota of difference to my comment.

And importing of other models offset the sales of those that are locally built/exported.

I hail from the original SA motown, BTW.
True, most is not the right word but a 21% increase in exports is not bad, right?
 

TheChamp

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Agreed. Let's be realistic here: The new car market is shrinking, rather than booming. Add to that the extra taxes, fuel price hikes and the forever increasing labour costs (without the subsequent rise in productivity) and you get the full picture - it cannot improve in the foreseeable future.

And with the current obsession to strike/disrupt/destroy everything in sight ...
Any stats that shows it's shrinking? I have always thought of sales numbers being more flat than shrinking, it is always a marginal increase or decrease from year to year but no big difference.
 

Milano

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Messages
16,696
5000 peoples lives could change. Its a beginning at least.

You are right.

I can show you the world
Shining, shimmering, splendid
Tell me, princess
Now when did you last let your heart decide?

I can open your eyes
Take you wonder by wonder
Over, sideways, and under
On a magic carpet ride

A whole new world
A new fantastic point of view
No one to tell us no
Or where to go
Or say we're only dreaming

A whole new world
A dazzling place i never knew
But now from way up here
It's crystal clear
That now i'm in a whole new world with you

Unbelievable sights
Indescribable feeling
Soaring, tumbling, freewheeling
Through an endless diamond sky
A whole new world (Don't you dare close your eyes)

A hundred thousand things to see (Hold your breath, it gets better)
I'm like a shooting star
I've come so far
I can't go back to where I used to be

A whole new world (Every turn a surprise)
With new horizons to pursue (Every moment red letter)
I'll chase them anywhere
There's time to spare
Let me share this whole new world with you
A whole new world (A whole new world)
That's where we'll be (That's where we will be)
A thrilling chase (A wondrous place)
For you and me...
 

ForceFate

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Messages
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I don't know what the fuss is all about. Article doesn't claim this will solve SA's unemployment challenges. It's just an investment like any other, that might yield results or fail. I know of a local company that just ploughed hundreds of millions into their local operations, with potential to create a few jobs. It's not much but the value chain far exceeds numbers quoted.
 

TheChamp

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Messages
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Never, ever, ever pleased huh?
Being pleased usually goes hand in hand with giving some sort of compliment or acknowledgement, no self respecting pessimist would ever put themselves in that position.
 

TheChamp

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Messages
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I don't know what the fuss is all about. Article doesn't claim this will solve SA's unemployment challenges. It's just an investment like any other, that might yield results or fail. I know of a local company that just ploughed hundreds of millions into their local operations, with potential to create a few jobs. It's not much but the value chain far exceeds numbers quoted.

It's like what Ndlozi did, he saw people celebrating the good news about the RWC and he panicked, he thought people would celebrate too much and forgot where they come from so he sprang into action.

Same with our pessimists here, if they see anything that closely resembles any good news they panic, perhaps they see this as something that could potentially make people forget what the ANC had done or something like that, hence the usual "this does not make any difference" or feeling the need to remind everyone of the number of unemployed people in the country, as if someone claimed the unemployment problem has been solved.
 

ForceFate

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It's like what Ndlozi did, he saw people celebrating the good news about the RWC and he panicked, he thought people would celebrate too much and forgot where they come from so he sprang into action.

Same with our pessimists here, if they see anything that closely resembles any good news they panic, perhaps they see this as something that could potentially make people forget what the ANC had done or something like that, hence the usual "this does not make any difference" or feeling the need to remind everyone of the number of unemployed people in the country, as if someone claimed the unemployment problem has been solved.
N&CA's own Ndlozis?
 

BBSA

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Messages
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I don't know what the fuss is all about. Article doesn't claim this will solve SA's unemployment challenges. It's just an investment like any other, that might yield results or fail. I know of a local company that just ploughed hundreds of millions into their local operations, with potential to create a few jobs. It's not much but the value chain far exceeds numbers quoted.
I think people are disappointed with the lack of progress and political will to do the economic reforms our country needs. They are just venting their frustration.

And yes, project like these does helps.
 

thestaggy

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Messages
20,233
How many exactly? Certainly not most. Unless it is 75%+ it will not make one iota of difference to my comment.

And importing of other models offset the sales of those that are locally built/exported.

I hail from the original SA motown, BTW.

This article is from earlier in the year. Its no small change.

South Africa exported more than 30,000 cars and 67 massive trucks in a single month – here’s what foreigners are buying

“South Africa exports to almost 149 different countries. Europe has by far remained South Africa’s main export market, with close to 52%, about 190,000 of some 350,000 passenger and light vehicles moving to Europe,” said Norman Lamprecht, executive manager at Naamsa.

The “Big 5” exporters (BMW, Ford, Mercedes, Toyota, and VW) aided by a few others in much smaller volumes, delivered 351,154 locally assembled vehicles to foreign owners in 2018, according to numbers tracked by Wheels24.

Total automotive revenue in South Africa amounted to over R500 billion in 2017, with exports of automotive products accounting for R164.9 billion – equating to 13,9% of South Africa's total exports.

I had no idea we exported to Europe, at least not in those numbers. I always thought we primarily served Asian (including Oz), African and Latin/South American markets.

Its definitely a positive if we get further investment in this. If we were ahead of the curve we'd start encouraging companies to build factories/lines dedicated to electric cars. Become a major exporter of those as that part of the motor industry grows.
 
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