Naamsa announces name change

Naamsa has confirmed that it will no longer use the National Association of Automobile Manufacturers of South Africa in its naming conventions because the Association now represents a wider community of stakeholders across the automotive value chain.

Naamsa is the industry representative that actively and responsibly represents, promotes, advances and protect the interests of local manufacturers and assemblers of passenger, light and heavy commercial vehicles, as well as major importers and distributors of new vehicles in South Africa. Naamsa currently represents 48 companies.

“Traditionally, we were established to primarily represent the interests of local vehicle manufacturers. Our mandate has since evolved to include not only Manufacturing OEMs, but also retailing OEMs and heavy commercial OEMs in South Africa,” said Mikel Mabasa, Naamsa CEO.

“We proudly have an extended mandate and our mission is to actively and responsibly promote, represent, advance and protect all our members’ collective and non-competitive interests across the automotive value chain. Naamsa plays an indispensable transformative role, and through all our members, we contribute to the sustainable development of the country’s productive economy, we add value to the automotive industry stakeholders and create prosperity for the people of South Africa.”

“Our strategic evolution is very important to our work and to the growth and development of our sector. We are convinced that the automotive industry is going to change faster in the next ten years than it has in the last hundred years. Since the beginning of this year, we’ve invited other like-minded companies who have interest in the automotive industry to join Naamsa as Associate Members so that they can directly influence the transformative direction we have set for ourselves. It is this reason that Naamsa in future will be referred to as Naamsa | the Automotive Business Council and not the National Association of Automobile Manufacturers of South Africa.

About the South African automobile industry
▪ The automotive industry contributes 6.4% to GDP (4.0% manufacturing and 2.4% retail)
▪ Total automotive revenue in South Africa amounted to R500 billion in 2019
▪ In 2019, the export of vehicles and automotive components reached a record amount of R201.7 billion, equating to 15.5% of South Africa’s total exports
▪ The industry accounts for 27.6% of the country’s manufacturing output
▪ Vehicles and components are exported to 151 international markets
▪ We are the country’s 5th largest exporting sector out of all 104 sectors
▪ The manufacturing segment of the industry presently employs more than 110 000 people across its various tiers of activity, from component manufacturing to vehicle assembly
▪ Combined with the industry’s strong multiplier effect, the industry is responsible for approximately 457 000 jobs across the South African economy’s formal sector

These figures and details are taken from the Naamsa website.