President Cyril Ramaphosa is addressing SA Auto Week in Cape Town.
Captains of the automotive industry have gathered to celebrate the industry's 100 years in existence.
The Automotive industry contributes 5.3% to GDP.
The conference has been discussing ways to drive localisation, increasing exports in a challenging environment while creating jobs.
The event is being held at a time when the motor industry is facing significant headwinds, among them low demand for vehicles owing to a depressed market, as well as the transition to electric vehicles.
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