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South Africa Readies Plan to Extend Automotive Sector Support

  • Trade department sets up team to develop post-2020 master plan
  • Efforts form part of industrial plan to boost economy

South Africa is working on a plan to extend support for the automotive industry beyond the current 2020 timeframe and expand the scope of the policy, the Department of Trade and Industry said.

It has set up a team of technical experts to develop a post-2020 Automotives Master Plan that will examine the entire industry and include light, medium and heavy vehicles and motorcycles, Trade Minister Rob Davies said Monday. South Africa’s current incentive and benefit program has attracted companies including Ford Motor Co., BMW AG, and Volkswagen AG to set up factories and create jobs in the country, where unemployment is almost 25 percent.