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South African Automotive Support Programme Nears Completion,
by Robert Lee, Tax-News.com, London
Tuesday, September 09, 2008
South Africa's Minister of Trade and Industry, Mandisi Mpahlwa, has met with
stakeholders for a final round of consultations on the detail of South Africa's
new Automotive Industry Programme (AIP) business incentives.
The AIP has been developed with the aim of stimulating production of automotive
vehicles and component manufacture in South Africa, as well as encouraging the
expansion of motor industry investment and employment.
According to the South African Department of Trade and Industry (DTI), the
new programme will provide for: stable, moderate tariff protection; a Local
Assembly Allowance which will allow manufacturers with a plant volume of at
least 50,000 units per annum to import a percentage of components duty free;
a Production Incentive that will be based on production value added; and an
Automotive Investment Allowance and Company Specific Support Allowances to support
approved programmes in such areas as training and skills development, localisation
and research and development.
These elements form the core of the programme, but the DTI will undertake further
work to investigate the possible inclusion of certain components for medium
and heavy commercial vehicles.
"All stakeholders are satisfied that the new programme will form the basis
for sustaining growth, employment and exports of the automotive industry until
2020 in line with government’s objectives, in an increasingly competitive
global environment," the DTI announced in a statement.
The AIP, which will replace the current Motor Industry Development Programme
(MIDP), has been worked on by a team of officials from the DTI and external
experts since December 2007. The proposals for the new programme will now undergo
scrutiny from the cabinet.
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