South Africa Weighs Auto Industry Incentives as Tariff Shield
The production line at a manufacturing plant in Durban.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa is considering offering additional incentives to boost car production, as it weighs measures to offset the impact of US President Donald Trump’s trade war, said Trade, Industry and Competition Minister Parks Tau.
“What we’re currently considering is the possibility of expanding the automotive industry production plan so that we’re able to mitigate impact on our industry,” Tau said in an interview with Johannesburg-based broadcaster Power FM. “We’re currently modeling what the potential package could be for the auto sector, but also for other sectors, so that we can do it within the means of the country to buffer the impact.”