Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-external-links domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/coderaco/domains/randomsample.co.za/public_html/wp-includes/functions.php on line 6121
Motor industry support per employee - Codera Analytics

Motor industry support per employee

The vehicle manufacturing industry in South Africa is relatively small, contributing around 0.9% to our GDP. Yet the automotive industry receives  substantial preferential tax treatment, costing the fiscus almost R35bn in foregone tax in 2022 (around 0.5% of GDP). To get a back-of-the-envelope sense of the extent of the support the industry receives, one can compare the foregone customs duties to the number of employees in the industry. The motor industry directly employees around 35 000 employees with a further 60 000 employees in manufacture of bodies and parts and accessories, implying a per job implied cost of around R350 000.