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South Africa offers 150% tax break to boost EV manufacturing. Carmakers say tax breaks alone will not secure investment About 67% of South African-made vehicles are exported. Industry says power, logistics and policy certainty remain key hurdles. By Nqobile Dludla JOHANNESBURG, Sept 24 (Reuters) — South Africa risks lo
By Nqobile DludlaSouth Africa risks losing future vehicle production to Asian rivals as global automakers decide where to build the next generation of electric vehicles, despite a new government tax incentive aimed at attracting investment, executives say.The industry, which exports about two-third…