On 02 July 2014 it was announced that the Minister of Trade and Industry had approved the newly revised guidelines for the Automotive Investment Scheme (AIS) and the People-carrier Automotive Investment Scheme (P-AIS).
The guidelines are the result of consultative engagements which the Department of Trade and Industry (the dti) held with stakeholders in the automotive sector.
According to the dti, the P-AIS, a sub-component of the AIS, has to date approved two applications both of which were Original Equipment Manufacturers (OEMs). The total incentive approved is R26.1 million and a total of 191 jobs have been created in this sector.
