All incentives articles
The announcement of a review of government incentives within the South African finance ministry’s recent mid-term budget statement is “nothing extraordinary”, according to the country’s automobile manufacturing body. A section of the budget statement released on Wednesday October 26th said: “Given increased pressures on the fiscus, these incentives, including direct ...
VW chief warns of ‘immediate end to South Africa’s motor industry’ if incentives are reduced and ownership targets are enforced
Motor manufacturers will leave South Africa if the government reduces the current incentive scheme while moving to penalise them for a lack of black equity holders and suppliers, the head of Volkswagen’s operation in the country has warned. Volkswagen South Africa MD Thomas Schäfer said recent discussions with the government ...