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/Bloomberg
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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.