South Africa to end policy support for 'screwdriver' car assembly

South Africa will stop providing policy support for carmakers that import near-complete vehicles for local assembly, trade minister Parks Tau said. The government aims to raise local content to 60% from 38% and lift the country's share of global vehicle output to 1% by 2035.

• South Africa drops support for semi-knocked-down (SKD) assembly
• Target: 60% local content, up from 38%, by 2035
• Change excludes medium and heavy commercial vehicles
• Itac to probe support for ladder-frame light commercial vehicles