President Cyril Ramaphosa’s announcement on Wednesday of the Automotive Industry Transformation Fund closes a circle for us in the motor trade. It’s a wise and considered intervention, and it comes at a critical time.

You don’t need to be a particularly keen observer of the motor industry to know that we’ve been under much pressure recently. Given the travails of the local market, BMW Group SA looks to the success of our export operations to justify our manufacturing presence here...

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