Automotive investment | Automotive Investment Scheme | Automotive Masterplan 2035 | Automotive value chain | Business | Motoring
Government commits to more incentives for investment in automotive production
The government has recommitted itself to offering incentives to investors to ramp up local automotive production, which contributes about 5.3% to gross domestic product. The undertaking by the department of trade, industry and competition comes in the wake of the multi-billion-rand South Africa-China partnership investment in the Eastern Cape’s Gqeberha BAIC SA assembly plant, which…