Automotive growth ‘lies in Africa

Africa presents the biggest opportunity for the South African automotive industry, according to Gavin Maile, automotive director at KPMG. Speaking in Port Elizabeth at a function to brief the industry on the findings of KPMG’s 2011 Global Automotive Survey, Maile said prospects for Africa were improving. Political stability, economic growth and investment in road infrastructure were all helping to build up demand for vehicles on the continent. He urged the local industry to take a closer look at Africa because respondents to the global survey predicted that even the remaining highgrowth markets such as China, India and Brazil would “be overbuilt” within the next five years.