BMW South Africa CEO Peter van Binsbergen says that the current uncertainty on US tariffs being imposed on vehicle imports from South Africa and the renewal of the African Growth and Opportunity Act (AGOA) will not impact the group in the short term.

But he noted that the US has always been an important customer of BMW SA. Van Binsbergen added that to secure the future of vehicle production in SA, it is essential for the automotive industry that there are bilateral trade agreements between SA and the United Kingdom, Europe, and the US.

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He also stressed that the government’ automotive industry programmes, such as the Motor Industry Development Programme (MIDP), Automotive Production and Development Programme (APDP) and APDP 2, and the policy stability these programmes provided, are why vehicle original equipment manufacturers (OEMs) are in SA and have the size of production facilities they have in the country.