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Automakers seen investing record R7.63bn in SA this year – Naamsa

A boost for car manufacturing industry.

JOHANNESBURG – The president of South Africa’s National Association of Automobile Manufacturers (Naamsa) was quoted as saying on Tuesday that projected investments into the sector this year were a record R7.63 billion ($520 million).

Naamsa president Mike Whitfield did not provide any comparative figures in the statement, issued on behalf of the organisers of a motoring festival.

($1 = R14.6709)

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