Appropriate business fundamentals will be critical if transport operators want to survive the current economic conditions, according to Marcel de Klerk, Absa retail and business bank’s head of business markets. Speaking at a business breakfast in Sandton last week, De Klerk said that these fundamentals should include costs, efficiency, the management of replacement cycles and the use of technology. “Local manufacturers are going to have to spend on research and development if they want to remain competitive in the global context while also ensuring efficiency in a country where energy and electricity costs are extremely high.”
