Johannesburg - South Africa plans to extend its motor industry incentive scheme to include commercial vehicles and motorbikes when the current support programme ends in 2020, the trade minister said on Monday.
Under the current plan, manufacturers benefit from incentives such as tax rebates, which are aimed at doubling local vehicle production to 1.2 million units annually by 2020.
Trade and Industries Minister Rob Davies said that the new plan will include light, medium and heavy vehicles and motorcycles.
The motor industry, which contributes more than seven percent to gross domestic product and accounts for around 12 percent of exports, is a major employer with about 30 000 jobs.
Reuters