SA positions itself as a global hub

PRESIDENT Cyril Ramaphosa says that with the electric vehicle white paper and the incentive programme, the country has committed to a stable, predictable and supportive framework for companies to be able to invest and grow in South Africa.

- WILLEM VAN DE PUTTE

Speaking at the BMW plant in Rosslyn, Pretoria, with the theme “A strategic vision for South Africa's automotive future”, he was quick to praise the company for the work they have been doing.

BMW South Africa manufactures the X3 range of SUVs, exporting them to more than 24 different countries around the world. More importantly, they are the sole manufacturer for the BMW X3 plugin hybrid.

Transformation

“We are on an exciting journey of transformation, change, and development in numerous ways, and your efforts have been pivotal in driving this transformation forward.

“The automotive sector serves as the cornerstone of our industrial strategy, accounting for 4.9% of our GDP and directly supporting over 115 000 manufacturing jobs. Its impact extends far beyond these figures, affecting the livelihoods of more than half a million individuals throughout the value chain,” he said.