Economics
South Africa Places Local Content at Heart of New Autos Program
- New plan aims to maintain presence of Toyota, BMW, Volkswagen
- Extension to 2035 gives automakers some investment certainty
Workers assemble vehicles at the BMW South Africa Pty Ltd. Rosslyn plant in Midrand, South Africa.
Photographer: Stefan Kleinowitz/BloombergThis article is for subscribers only.
South Africa extended its auto-manufacturing incentive program through 2035, a plan that aims to keep international manufacturers such as Toyota Motor Corp., Volkswagen AG and BMW AG operating plants in the country.