A Literature Review of South African Automotive Industry Global Competitiveness

Abstract

Now our days manufacturing industries are faced with increase pressure to improve productivity in order to survive within the global competition. This requires industries to reduce production costs while maintaining product quality and also decision makers to make the right decision to support and improve the various process. Looking at the complex nature of globalization today, it encompass a holistic approach in order to stay competitive at the international level for both developing and developed countries. This in general requires a high level of competitiveness and rational policies from decision makers in order to cope with global risks. In industrialized countries, the key contributor to the national economy in particular is the automotive industry which manufactures all types of vehicles that are needed or used in different sectors of the government and nation which includes tourism, transportation, road construction and agriculture. Therefore any improvement or disruption of the automotive industry can deeply affect the economy of the nation either in a positive or native way. In this research paper, we have analyzed previous research work done in addressing the global competitiveness of the South African automotive industry and according to our findings, it shows that more still needs to be done in order to improve the global competitiveness of the automotive industry in South Africa.