https://www.engineeringnews.co.za

Davies urges Tesla to invest in South Africa

26th September 2016

By: African News Agency

  

Font size: - +

Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his birth.

The DTI said Davies, who was meeting with investors at the breakfast, had urged Musk’s company, Tesla, to work with his department to explore the possibility of setting up the manufacturing of products in South Africa.

The statement added that Tesla, a groundbreaking manufacturer of electric cars and batteries, had expressed an interest in investing in South Africa.

Minister Davies had confirmed that South Africa’s auto programme already had additional incentives in place for electric vehicles.

The 15th Agoa forum, which takes place on Monday, is entitled: Maximising US-Africa Trade and Investment: Agoa and Beyond.

Agoa is a unilateral US trade preference programme that provides duty-free, quota-free treatment for more than 6 400 tariff lines into the US market.

President Barrack Obama signed into law the Trade Preferences Extension Act of 2015 that contained the Agoa Extension and Enhancement Act extending the programme for 10 years.

Edited by African News Agency

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.056 1.288s - 144pq - 4rq
Subscribe Now