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South Africa faces 4,000 job losses in automotive sector in last two years, U.S. tariff hitting exports
On August 13 and 14, multiple sources reported that the Trade Minister of South Africa stated that weak car sales, rising imports, and low local content caused 12 company closures and over 4,000 job losses in South Africa’s automotive industry over two years.
Imports make up 64% of vehicle sales, while localization r....
Imports make up 64% of vehicle sales, while localization r....
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