BMW cautions on export credits, increased localisation

Continued support through export credits is “the single most important ingredient” in German car maker BMW’s discussions with the South African government, and not land expropriation without compensation, or the push for increased black economic empowerment within the local auto sector, says BMW management board member for production Oliver Zipse. South Africa’s Department of Trade and Industry is currently developing a new auto sector support programme to replace the Automotive Production and Development Programme, set to run until 2020.