South Africa in Talks With Five Automakers About New Plant

BMW plant in Rosslyn, South Africa

South Africa is in talks with five vehicle manufacturers about a proposed new assembly plant in the port city of East London, a potential boost for an industry that’s using government incentives to attract investment from companies including Ford Motor Co. and BMW AG.

East London IDZ SOC Ltd., which operates an industrial park, is seeking to sign three producers within a year to assemble vehicles in a shared facility, Tembela Zweni, the state company’s executive manager for zone development, said in an interview in the city on South Africa’s southern coast. Interest in the site from international companies has increased since South Africa announced last year it will extend its automotive-incentive program, which encourages vehicle production in the country through tax breaks, he said.

Read more: South Africa in Talks With Five Automakers About New Plant – Bloomberg

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