Motor industry mulls charter to ease compliance

September 15, 2015

Johannesburg - South Africa's motor industry is considering establishing an automotive industry sector charter because of the difficulty multinational original equipment manufacturers (OEMs) have in complying with the ownership pillar of the new broad-based black economic empowerment (BBBEE) codes.

Nico Vermeulen, the director of the National Association of Automobile Manufacturers of South Africa (Naamsa), the representative body of new vehicle manufacturers, said the association had a major workshop last month attended by automotive companies, representatives from suppliers in the industry, as well as the Department of Trade and Industry's (dti) motor and BEE desks.

Read more