South Africa committed to boosting local vehicle production

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South Africa’s government is committed to supporting the local production of vehicles in order to boost the economy and exports as well as create jobs, deputy trade and industry minister Bulelani Magwanishe, Deputy Trade and Industry Minister.

“Our commitment to local vehicle production is marked in our Industrial Policy Action Plan with a prime focus towards adding value in the manufacturing and industrial sector,”  Magwanishe said at the launch of the new Polo by Volkswagen South Africa in Uitenhage in the Eastern Cape province. The project has an investment value of  ZAR6.1 billion.

“Export promotion, job creation and inclusive growth remain as the fundamentals to this policy,” said Magwanishe.

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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