
Asian brands, EVs dominate 2025 Best Buy Awards
The 2025 Best By Awards, announced by Kelley Blue Book, reflect the rapidly shifting landscape of the automotive market not only in the USA, but also elsewhere.
- Industry News
- 17 April 2025
Skills development and the promotion of local supplier growth are at the centre of a Memorandum Of Agreement (MOU) just signed.
The National Association of Automotive Component and Allied Manufacturers (NAACAM) and the Tshwane Automotive Special Economic Zone (TASEZ) says the intention is to drive skills development through training programmes, promote local supplier growth, with a particular focus on small and medium-sized enterprises (SMEs), and foster economic opportunities within the automotive value chain.
Speaking at the signing of the MOA, Dr Bheka Zulu, Chief Executive Officer of TASEZ, explains that the agreement underpins the shared commitment of both organisations to developing local skills, supporting black-owned businesses and driving innovation across the automotive industry.
“The partnership provides small businesses and emerging suppliers with direct access to new markets and large manufacturers, creating a sustainable ecosystem that benefits the broader South African economy. This three-year agreement formalises collaboration between TASEZ and NAACAM and is a significant step toward advancing South Africa’s automotive sector,” he says.
The TASEZ-NAACAM partnership will focus on several strategic areas:
NAACAM CEO Renai Moothilal says the agreement reflects a holistic approach to advancing the automotive sector by aligning industry needs with government-supported initiatives.
“The partnership represents a transformative opportunity for the South African automotive sector, creating a stronger, more inclusive industry while promoting economic resilience and global competitiveness,” Renai says.
The MOA will remain in effect for three years, with the possibility of renewal and expansion based on mutual agreement.
The 2025 Best By Awards, announced by Kelley Blue Book, reflect the rapidly shifting landscape of the automotive market not only in the USA, but also elsewhere.
Kia took the top honours for the second consecutive year when its all-electric compact crossover was named World Car of the Year during the New York International Auto Show in the USA this week.
The African Association of Automotive Manufacturers (AAAM) is strengthening its commitment to the industrialisation and development of Africa’s automotive sector with the establishment of a new regional office in Tunisia.