ANNOUNCEMENT 12 May 2010

In May 2010, the government of South Africa announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Department of Trade and Industry 'Automotive Investment Scheme: Programme Guidelines.' http://www.dti.gov.za/ais/ais_guidelines.pdf


Inception date: No inception date

Financial grant

On 12 May 2010, the Department of Trade and Industry approved guidelines for the Automotive Investment Scheme (AIS). The scheme is designed to grow and develop the automotive sector through investment in new and/or replacement models and components that will increase plant production volumes, sustain employment and/or strengthen the automotive value chain.
 
The scheme potentially influences international commerce by providing taxable cash grants to approved applicants to among other things, increase production; introduce new components; introduce intermediate products or processes not currently manufactured or performed in South Africa; create new markets for current components manufacturers or introduce substantial new foreign first tier supplier of components not currently manufactured in South Africa.

 
 
 
 

AFFECTED SECTORS

 
435 444 491 492

AFFECTED PRODUCTS

 
870210 870290 870310 870321 870322 870323 870324 870332 870333 870410 870421 870422 870423 870431 870510 870530 870540 870590 870600 870790 870810 870829 870830 870840 870850 870870 870880 870891 870892 870893 870894 870895 870899 870911 870919
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