NewzMinister of Trade, Industry and Competition Parks Tau addressed the SA Auto Week event in Durban, where he outlined a strategic push for the transformation and localisation of the South African automotive industry. The minister’s address focused on advancing sectoral development and increasing local participation within the automotive manufacturing landscape.
This policy initiative follows a recent legal development involving the minister, where a court ruled against the Department of Trade, Industry and Competition regarding a Broad-Based Black Economic Empowerment (BBBEE) sector code. Despite the court’s decision, which was reportedly based on a technicality, the minister continues to prioritize transformation efforts within the industrial sector.
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