World & BusinessSouth Africa may lose future vehicle production to Asian rivals
Reuters reports that a new government tax incentive aims to attract investment as global automakers decide where to build the next generation of electric vehicles.
TLDR
South Africa risks losing future vehicle production to Asian rivals despite a new government tax incentive aimed at attracting investment, Reuters reports, citing executives. Global automakers are deciding where to build their next generation of electric vehicles, putting South Africa's competitiveness at stake.
South Africa may lose future vehicle production to Asian rivals
Reuters reports that a new government tax incentive aims to attract investment as global automakers decide where to build the next generation of electric vehicles.
TLDR
South Africa risks losing future vehicle production to Asian rivals despite a new government tax incentive aimed at attracting investment, Reuters reports, citing executives. Global automakers are deciding where to build their next generation of electric vehicles, putting South Africa's competitiveness at stake.