Automotive Value‐chain Programme Description Sample Clauses

Automotive Value‐chain Programme Description. The automotive sector is currently engaged with Government in developed a Masterplan 2035 which include the following developmental objectives: i. Grow domestic vehicle production to 1% of global output; ii. Increase local content in South African assembled vehicles to up to 60%; iii. Double total employment in the automotive value chain; iv. Improve automotive industry competitiveness levels to that of leading international competitors; v. Transformation of the South African automotive industry through the employment of Black South Africans, upskilling of Black employees, empowerment of dealerships and authorised repair facilities, and substantially increasing the contribution of Black-owned automotive component manufacturers within the automotive supply chain; and vi. Deepen value addition within South African automotive value-chains. The objectives will be achieved through the six fundamental pillars:  Local market optimisation;  Regional market development;  Localisation;  Infrastructure development;  Industry transformation; and  Technology and associated skills development.  Finalisation and implementation of the Masterplan; and,  Establishment of the SAAM support institution is to be established that will play the key role of coordinating, monitoring, and evaluating the progress of the industry to 2035.
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