Gauteng automotive industry celebrates 20 years

South Africa's Automotive Supplier Park in Rosslyn, Gauteng, celebrated a significant milestone as it marked two decades of operations. The park, spread across 160 acres, has been a catalyst for growth in the automotive industry, attracting investments totaling R801 million. CNBC Africa's Palesa Mofokeng engaged in a discussion with Tasneem Morata, MEC of Gauteng Economic Development, shedding light on the park's journey and the future prospects in the electric and hydrogen-powered vehicle export market. Morata reminisced about the park's inception and the collaborative effort that propelled it to become a crucial player in South Africa's automotive sector. She acknowledged the challenges faced, including the impact of COVID-19 and energy constraints, which triggered a shift towards innovation and resilience. Looking ahead, the focus is on clean energy, with investments and research geared towards manufacturing electric vehicles (EVs) and hydrogen cells. The government's role in supporting the sector through tax breaks and incentives, coupled with efforts to streamline business processes, highlights a commitment to fostering growth and competitiveness. Morata emphasized the importance of localization and skills development to enhance South Africa's position in the global automotive market. Furthermore, discussions on driving economic growth in the region and expanding special economic zones underscore a strategic vision for sustainable development. With a spotlight on infrastructure and tourism, the province aims to enhance its appeal as a strategic investment destination. The future looks promising for the Gauteng automotive industry, as it navigates towards a greener and more sustainable automotive landscape.