Issues impacting the South African vehicle sector

 

Charl Potgieter, Managing Executive for Absa Vehicle and Asset Finance, has written an article stating that South Africa's automotive industry has undergone significant changes over the past five years. He highlights greater competition, evolving vehicle price dynamics, and the rise of new-energy vehicles as factors that have impacted both the economics of vehicle ownership and the market structure. He emphasizes that understanding these changes requires an integrated perspective of the capital, businesses, partners, and consumers within the automotive ecosystem. To further discuss this and the role of Absa, Thami Ngubeni spoke to Henry Botha, Head of Strategy and Business Analytics at Absa