×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

SA’s automotive industry could lose access to lucrative export markets such as the EU and the UK unless it attracts new investment to retool its factories to manufacture electric vehicles, Rand Merchant Bank (RMB) warned.

The EU and the UK plan to ban imports of vehicles powered by carbon-emitting internal combustion engines (ICEs) by 2030, thereby imperilling access to two of SA’s biggest export markets for locally manufactured vehicles. RMB’s warning comes as global leaders meet in Glasgow, Scotland, for the UN’s 26th climate change conference (COP26) to discuss the global transition to a less carbon-intensive economic system...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now