By Nqobile Dludla
South Africa is considering offering additional incentives to automakers to help cushion the impact of U.S. President Donald Trump’s tariffs on cars, Trade, Industry and Competition Minister Parks Tau said on Thursday.
“What we’re currently considering is the possibility of expanding the automotive industry production plan so that we’re able to mitigate the impact in our industry,” Tau said in an interview with radio broadcaster Power FM.
“We’re currently modelling 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.”
The Automotive Production and Development Programme is an incentive programme that helps drive investment, innovation and job creation in the automotive industry. It offers various rebates and refunds on customs duties and manufacturers also receive incentives based on their production volumes.
The National Association of Automobile Manufacturers
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