This, he added, would more than double BMW exports from South Africa. Arndt was speaking at the start of the new BMW 3-Series production, after the company invested R2.2 billion to upgrade the production facility.
Bodo Donauer, managing director of BMW SA, said most of the R2.2 billion investment qualifies for the Automotive Incentive Scheme (AIS) of the new Automotive Production and Development Programme (APDP). The AIS's 20 percent investment incentive is tied to performance criteria, including volume growth, employment growth, new technology and localisation, with an additional incentive of 10 percent linked to development performance. Donauer said the new 3-Series would be launched in South Africa on March 17 and production would be slowly ramped up to ensure the production process was stable.
Read the full article