Oct 11, 2011
Local auto industry to benefit from new procurement rules, says DaviesBack
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
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Other Transport & Logistics News
Machinery and global brands distributor Barloworld Equipment group has invested $14-million in its equipment operations in the city of Kitwe, in Zambia.
Updated 3 hours ago Cabinet has extended the contract of Department of Environmental Affairs (DEA) director-general Nosipho Ngcaba and approved the appointment of Limpho Makotoko as the new DEA COO. “Under the leadership of Ngcaba, the DEA has consistently received clean and...
Updated 4 hours ago The Department of Trade and Industry (DTI) has invited companies to participate in a trade and investment mission to Ghana and Nigeria from August 8 to 12. Companies in the agriculture and agroprocessing sectors, built environment professionals, automotive and...
Updated 4 hours ago Cabinet has approved the Industrial Policy Action Plan (Ipap) 2016/17 to 2018/19, which seeks to achieve a higher-impact industrial policy in difficult economic circumstances, including the difficulties faced by the domestic steel industry and the drought which has...