The NAACAM Show 2023 held in Tshwane on 30-31 August, attracted investments pledges to the value of R4,8 billion. This major development described as a strong vote of confidence by the minister of Trade, Industry and Competition, Mr Ibrahim Patel, was a first of its kind since the inception of the NAACAM show.
The investment pledges were made by 16 exhibitors/investors that participated at the show. The group coming from different regions and segments of auto-component manufacturing companies consisted of large multinational and domestic investor as well as emerging black industrialists.
NAACAM Show 2023 was held in Tshwane for the first in collaboration with the Tshwane Economic Development Agency.
The NAACAM Show included a conference with over 500 delegates attending, over 90 brands participating in exhibitions and 30 black owned/emerging SMMEs exhibiting. The show is a premier forum at which companies showcase the South African automotive manufacturing landscape, providing a visual representation of the strength and depth of the local automotive component production. The show plays a role in connecting manufacturers with key stakeholders in the sector to facilitate dialogues and relationships that support the improved operating environment for automotive component manufacturers.
In activities leading up to the including the Automotive Roundtable, site visits to the Tshwane Automotive Special Economic Zone, Tshwane Auto City in Rosslyn and NAACAM Annual Gold Day. TEDA was able to showcase the City of Tshwane as a premier investment destination and generated leads for investments of over R3 billion.
The Member of the Mayoral Committee for Economic Development and Spatial Planning, Alderman Hannes Coetzee said that the three spheres government, namely national, provincial and the City of Tshwane have worked jointly to position the City of Tshwane as an attractive destination for the Automotive and component manufacturing hub of South Africa.
“As you know, we have established the Tshwane Automotive Special Economic Zone (TASEZ) and Automotive Supplier Park. TASEZ is a 203 hectares development in the east of Tshwane with the value of over R15 billion. The project has created over 7887 jobs and empowered SMMEs to the value of over R1,1 billion. These milestones were reached in the 1st phase of the development covering only 91 hectares. TASEZ has already embarked on phase 2 of the project. The market has responded positively to these developments. As we speak the investment pipeline of 21 prospective investors that will see over R5 billion invested in the next 5 years,” said Alderman Coetzee.
