In March, there were 50 607 new cars sold in South Africa, representing the biggest sales in that market since October 2019, indicating the level to which the sector has bounced back since being hit by the COVID-19 pandemic.
The country is implementing the amended Automotive Production Development Programme regulations, legislated in Schedule No.3 of the Customs and Excise Act, and released by the South African Revenue Service on 5 February 2021. Released in May, South Africa’s draft e-mobility policy framework, “Green Paper” shows the state is planning significant fiscal incentives to spur the sale of new energy vehicles .
As South Africa’s automotive industry –– the largest manufacturing sector –– bounces back from Covid, the government is keen to ensure it plays a central role in the state’s economic architecture. “COVID-19 disruptive elements are expected to remain in play in 2022 and prevailing market conditions will continue to be hampered by escalating cost increases and supply chain disruptions, such as the global semi-conductor shortages impacting on the availability of certain models,” it said.
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