The Automotive Industry, Logistics and more
Blog posts tagged in APDP
The APDP, or Automotive Production and Development Programme, was introduced in South Africa in January 2013. This new initiative entails a plan to improve and add to the benefits offered to the industry under the terms of its predecessor, the Motor Industry Development Programme or MIDP. The replacement scheme is seen as potentially more effective in that, as well as benefiting new vehicle production, it should also act to extend and diversify the country’s vehicle components supply chain.
Automotive Production Development Programme Offers Boost to SA Motor Industry
The automotive production development programme is aimed at stimulating the growth of South Africa’s motor manufacturing sector and comes at a time when the rising cost of extracting gold, combined with its lacklustre performance, threatens the traditional backbone of our economy. This important new scheme was approved by the SA government in 2008. Following an intensive review, it eventually replaced the existing Motor Industry Development Programme (or MIDP) some 5 years later.
The goal of the APDP is to stimulate growth in the automotive industry in order to increase localization and employment. The National Government has indicated that they have set a goal of producing 1.2 Million vehicles by 2020, and the APDP should provide the framework within which to accomplish this goal.
BCE Consulting, South Africa’s leading customs and incentive service provider, announced recently that the company has to date successfully applied and claimed AIS incentives to the value of R1,3 billion on behalf of their clients. “We experience a strong demand for incentives, especially in the automotive industry, therefore our decision to open a fully fledged consultancy office in KwaZulu Natal”, Brian Verwey CEO of BCE Consulting said.
BCE assists companies in obtaining the maximum benefit from current South African Government incentive programmes and tax legislation. Focusing primarily on the APDP, BCE provides expert advice and incentive assistance to all importers, vehicle manufacturers and component suppliers since 2006.