The Automotive Industry Development Centre in the Eastern Cape (AIDCEC) has warned that the electricity tariff increase of 15% effective from April 1, will slam the brake on the South African automotive supply chain's drive for greater levels of global competitiveness. The AIDCEC says rising input costs could stunt growth in volumes and particularly in exports, which in turn would make it difficult for the automotive sector to achieve targets for the country relating to inclusiveness, … [Read more...] about AIDC EC warns on energy tariff increases
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