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5 minute read
21 Apr 2022
6:47 am

KZN flood damage to dent auto industry’s contribution to economy


SA’s automotive industry contributed 4.9% to GDP in 2020 – 2.8% manufacturing and 2.1% retail – accounting for 18.7% of the country’s manufacturing output.

Image: Engineering News

The contribution of the automotive industry to South Africa’s economy this year is likely to be dented by the floods in KwaZulu-Natal. Toyota South Africa Motors (TSAM) confirmed on Wednesday that extensive damage was caused to its plant at Prospecton south of Durban, after flooding this month left a trail of destruction in the province. Production at the plant has been suspended since April 11 and TSAM has not yet given an indication of when it will resume. “Plant activities have been suspended while assessment and clean-up takes place. The cessation of operations will be extended when the plant enters...