Oct 11, 2011
Local auto industry to benefit from new procurement rules, says DaviesBack
Automotive|Gross Domestic Product|Manufactured Products|Manufacturing|Products|Retail|Rob Davies
© Reuse this
He said these regulations will empower government to prescribe to its departments and State-owned enterprises that it may only procure locally manufactured products, or locally manufactured products with a prescribed minimum local content, from certain designated sectors of the economy, such as the automotive industry.
Davies said this was made possible by the support government provided to the industry, mainly under the current Motor Industry Development Programme (MIDP).
The minister told the gathering the MIDP, which was to be replaced by a new programme, the Automotive Production and Development Programme (APDP), in 2013, had succeeded in a number of fields.
A key objective of the APDP is stimulating the expansion of vehicle production to 1.2-million vehicles a year by 2020.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Transport & Logistics News
Article contains comments
Updated 3 minutes ago Industrial engineering group PSV Holdings said on Tuesday that it had been awarded several contracts that would bring “welcome relief” as it headed towards the end of its financial year on February 28. “We have spent time ensuring group tender processes and...
Updated 3 hours ago Petochemicals group Sasol and the Lion Match Company have inked a deal that will see Sasol subsidiary and candle manufacturer Price’s Candles being absorbed into Lion’s portfolio of homecare brands. Lion Match Company group CEO Alisdair Sinclair said the acquisition...
Updated 4 hours ago After receiving the most number of votes at PPC’s annual general meeting (AGM) on Monday, Tito Mboweni, Charles Naude, Daniel Ufitikizeri, Nicky Goldin, Timothy Leaf-Wright and Peter Nelson have been appointed to the board of the cement group. Shareholders were...