South African market showing strength, growth

There’s automotive action in South Africa as both imports and exports are on the rise. Despite
near-term slumping new-car sales due to all-too-familiar reasons such as a devalued currency, high interest rates
and expensive gasoline, OEMs and vendors are infusing investment dollars into the region. A ramping-up of car,
truck and sport utility vehicle production, including the related components, remains ongoing.