Pressdia Ad

South Africa to Unveil Plans to Boost Local Vehicle Production

South Africa’s government will release a set of measures by the end of February aimed at revitalizing local vehicle production, which has fallen behind regional competitors amid rising imports and global market shifts. The announcement was reported by Reuters, citing government officials overseeing the automotive sector.

The planned automotive policy review is expected to include revisions to the ad valorem (luxury) tax and a reassessment of tariffs on imported vehicles, designed to encourage domestic assembly and manufacturing. TimesLive noted that the National Treasury is involved in consultations to ensure measures support local manufacturers effectively.

South Africa lost its long-held position as Africa’s largest vehicle producer to Morocco in 2025, with output reaching around 602,302 units, well below the 1.4 million units targeted under the 2018 Automotive Masterplan. Imported vehicles accounted for the majority of sales, highlighting the need to strengthen local content and production, as reported by Reuters.

Deputy Minister Zuko Godlimpi said the review seeks to “turn the tide on localization,” with proposals from industry and other stakeholders expected to be finalized soon. Government officials also confirmed ongoing discussions with global and regional automakers to expand manufacturing capacity and create jobs, according to Reuters.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Druski Set to Make SNL History as First Digital Creator to Host

American comedian and digital creator Druski is reportedly set to become...

Stephen Chow’s Kung Fu Soccer Sets US Release After $344 Million China Box Office Success

Hong Kong filmmaker Stephen Chow’s Kung Fu Soccer, a spiritual successor...

Trump Signals Major Oil and Mineral Exploration in Greenland Amid US Strategic Push

US President Donald Trump has announced plans for what he described...

IMF Chief Georgieva Backs Senegal Debt Deal Under Revised G20 Framework

International Monetary Fund Managing Director Kristalina Georgieva has expressed optimism that...

Shell Agrees to Sell Nigerian Domestic Gas Business to Vaaris Energy

Shell has signed an agreement to sell its entire interest in...

NCC Launches *315# Device Checker to Combat Fake Phones in Nigeria

The Nigerian Communications Commission (NCC) has introduced a device verification service...

Dangote Refinery Records $22.5 Billion Revenue and $4.7 Billion Profit in Nine Months

Dangote Petroleum Refinery and Petrochemicals has reported revenue of $22.48 billion...

Al Khal Egyptian Restaurant Cairo: A Refined Celebration of Egyptian Cuisine

Al Khal Egyptian Restaurant, located at InterContinental Cairo Citystars, offers an...

Meet Catherine Onoja The Fashion Creative Turning Personal Style Into Digital Influence

Catherine Onoja is part of a new generation of Nigerian creatives...

5 Nigerian Travel Content Creators Sharing Experiences Across Africa and Beyond

Travel content is changing how Nigerians discover destinations, experience different cultures...

Related Posts

IMF Chief Georgieva Backs Senegal Debt Deal Under Revised G20 Framework

International Monetary Fund Managing Director Kristalina Georgieva has expressed...

NCC Launches *315# Device Checker to Combat Fake Phones in Nigeria

The Nigerian Communications Commission (NCC) has introduced a device...

Dangote Refinery Records $22.5 Billion Revenue and $4.7 Billion Profit in Nine Months

Dangote Petroleum Refinery and Petrochemicals has reported revenue of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here