BMW is pumping R4.2 billion into South Africa

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BMW is pumping R4.2 billion into South Africa

BMW South Africa is going electric and spending R4.2 billion to do so.

 

[Gaz{M}]

They must be saving shed loads on taxes to keep investing here.

 

[Benedict A55h0le not]

This is the company that gave the world subscription car functionality. They are already known to not be very clever.

 

[ninjaman509]

Smells like tax write off

 

[saturnz]

well done ANC

 

[Dups!]

Lol, the usual naysayers are already up in arms.

 

[mypetcow]

Unlike the petrol-powered X3 currently being made at the plant, it will be destined solely for the export market and not sold in South Africa.

So no hybrid X3s for us only for export?

 

[epah]

Lol, the usual naysayers are already up in arms.

You know them... Nothing ever makes them happy.

 

[L-Dog]

Any idea if Roslyn has exception from Load Shedding? Probably a tax benefit and you have really cheap labour with a weak rand sounds like everyone is winning!

 

[pinball wizard]

I actually read the article.

I still don't know how much I must earn to afford one.

 

[Grubscrew]

I actually read the article.

I still don't know how much I must earn to afford one.

That will be tomorrows and the day after that article's theme.

 

[TheChamp]

Oh my, @rvZA is going to be so unhappy he is going to pour R4.2bn into his overseas business in retaliation.

 

[TheChamp]

Any idea if Roslyn has exception from Load Shedding? Probably a tax benefit and you have really cheap labour with a weak rand sounds like everyone is winning!

Ford doesn't just further up the road so I doubt BMW does.

 

[WollieVerstege]

They are only doing this as an act of self preservation, not as a vote of confidence. If they do not upgrade the plant, they won't be able to export most of the cars there to Europe anymore and will lose all the benefits under APDP. So it was cough up and export or shut down the plant.

 

[FiestaST]

This goose looks a bit lost to me