The Department of Trade and Industry (dti) will consult widely with trade unions and the automotive industry as it develops a new plan to replace the Automotive Production and Development (APDP) incentive scheme which expires in 2020.
“We will unveil the details when we gazette it, but I can say that the new scheme will have a far stronger localisation focus and will contain major empowerment components to ensure economic transformation,” said the Minister of Trade and Industry, Dr Rob Davies.
He told FTW Online on the side lines of the two-day Manufacturing Indaba held in Johannesburg earlier this week that the programme had attracted a lot of investment in SA’s automotive sector, noting that he believed the new scheme would as well. “We do however have to ensure that there is a larger local black economic empowerment and ownership element or we will lose local buy-in,” Davies added.
