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Employment levels at vehicle plants at four-year high

15th May 2013

By: Irma Venter

Creamer Media Senior Deputy Editor

  

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Employment levels in South Africa’s new-vehicle manufacturing industry reached its highest level in four years, said the National Association of Automobile Manufacturers of South Africa (Naamsa) on Wednesday.

At the end of March, employment increased by 140 jobs to reach 30 299 positions, noted Naamsa in its 2013 first-quarter industry review. This increase came on top of the 780 new jobs created during the fourth quarter of 2012.

The average monthly industry employment number at new-vehicle plants for 2012 was 29 180, compared with 28 292 in 2011.

Naamsa said employment levels were expected to increase further, as a number of vehicle manufacturers ramped up production for export markets.

The association also noted that industry capital expenditure remained close to record levels, and was projected to exceed R5.2-billion in 2013, compared with R4.67-billion in 2012.

First-quarter vehicle sales in South Africa were equally healthy, with new car sales up 3% on the first three months of 2012, light commercial vehicles up 8.1%, medium trucks up 6.1% and heavy trucks down 1.1%.

Domestic new vehicle sales were expected to grow by up to 7% in 2013, to 652 000 units.

Naamsa expected 2013 local vehicle production to grow 18%, to about 640 000 units, in 2013.

Exports were forecast to reach 361 000 vehicles, compared with 277 893 vehicles in 2012.

 

Edited by Creamer Media Reporter

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