By cryptoandcoffee on Skatehive
source The automotive industry is responsible for 60% of the country's manufactured products exported. Scary thought knowing this industry will disappear within the next 7 or 8 years with virtually 0 exports unless they export into Africa. I was reading an article over the weekend that mentioned South Africa's Automotive Industry masterplan and I had to go and find it. You would be wondering what is so masterful from an industry that is in decline and not surprisingly is missing the masterplan targets by a country mile. Whenever I see a plan mentioning Black Economic Empowerment as their main objective you just know deep down this is doomed for failure. Everyone loses so forget targeting certain races and ironically the economic empowerment this is supposed to unleash never materializes and the total opposite happens. The plan to increase BEE businesses supplying the automotive sector achieving 15% black owned businesses has not materialized. A few manufacturers have handed over certai