Strikes Cast Shadow over Ford’s South African Investment Prospects

Related stories

Wike’s Defection To APC ‘ll Make PDP, Others ‘Writhe In Pain’ — Tinubu

By Kolawole Ojebisi President Bola Tinubu on Wednesday said the...

2025 Rivers N1.48 tn Budget Done In Readiness for Fubara’s Return — Ibas

By Kolawole Ojebisi The Sole Administrator of Rivers State, Vice...

[VIDEO] Drama As Oshiomhole, Air Peace Engage in Dirty Spat at Lagos Airport

By Abiola Olawale Air Peace, one of Nigeria’s leading airlines,...

I’m Ready To Forgive Elon Musk..We’ve to Strengthen the Country, Says Trump

By Kolawole Ojebisi US President, Donald Trump, has stated that...

Dele Momodu Tells Tinubu: You Can’t Say Nigerians are Busybodies, Bystanders to Praise Wike

By Abiola Olawale A chieftain of the Peoples Democratic Party...

U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.

The South African auto industry, which accounts for about 6 percent of the continent’s most developed economy, has been hit directly and indirectly by four strikes in the past year.

“A challenge for us here in South Africa is convincing our board to continue to invest in a country where the stability of output is a little less certain than in other countries,” Jeff Nemeth, president of Ford’s South African business, told reporters.Ford

Read also: 10 Ministers Contract Coronavirus Disease

Carmakers resumed production in September after a four-week strike by 220,000 metalworkers. Last year a strike by auto workers cost the industry $2 billion in lost output, followed by a strike in the auto parts sector and another by truck drivers who haul vehicles to ports and dealerships.

“Year after year after year, having that much of your output constrained by labour actions, you don’t have a clear view of what your output might be,” Nemeth said. “That will have an impact in our investment decisions.”

Ford sells about 6,000 vehicles a month in South Africa, making it the third-largest supplier behind Toyota and Volkswagen. It also exports vehicles.

 

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Wike's Defection To APC 'll Make PDP, Others 'Writhe In Pain' -- Tinubu2025 Rivers N1.48 tn Budget Done In Readiness for Fubara's Return -- Ibas[VIDEO] Drama As Oshiomhole, Air Peace Engage in Dirty Spat at Lagos AirportI'm Ready To Forgive Elon Musk..We've to Strengthen the Country, Says TrumpDele Momodu Tells Tinubu: You Can't Say Nigerians are Busybodies, Bystanders to Praise WikeOil Prices Slip Despite U.S.-China TalksDrama As Elon Musk Reverses Self on Trump, Says Criticism Went too farEx-Minister, Essien Blasts Gov Umo Eno For Piling Pressure on Lawmakers to DefectNigeria Not At War Yet Citizens Living Like Refugees In Own Country -- Peter ObiFubara's Sins 'll Be Forgiven Only If... APC2027: I'm Ready To Die For Tinubu's Victory In Abia -- KaluAtiku's Ally, Segun Sowunmi, Hints At Dumping PDP For APC, Says 'I May Likely Leave'Why I Renamed IBB's Govt Built International Conference Centre After Tinubu - WikeMy Soul Has Left PDP, Says MomoduLet’s Go To Party, By Uzor Maxim Uzoatu
X whatsapp