Incentive Approval Will Boost Auto Investment

The South African Trade and Industry Ministry has approved the incentive portion of the Automotive Production and Development Programme (APDP), which BMI believes will give car and component makers the security required to go ahead with investment plans. The ministry has allocated funding of ZAR2.69bn (US$352mn) over the next three financial years, which will enable companies to be prepared for the APDP's implementation in

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