Business · South Africa
BMW SA boosts production, CEO opposes high import tariffs
TechCentral · 2026/01/29
Summary
BMW South Africa has announced a record level of production, highlighting strong growth in the local automotive industry. Despite calls from some industry players for higher import tariffs to protect local manufacturers, BMW's CEO has rejected the idea of steep increases in import duties. Instead, the company advocates for more targeted policy changes that can support both growth and competitiveness without raising costs unnecessarily. This approach aims to balance the needs of local manufacturers with the benefits of keeping prices reasonable for consumers. The move reflects BMW’s confidence in South Africa’s manufacturing capabilities and its commitment to the local market. Higher tariffs could lead to increased prices for vehicles, which might not be good for South African car buyers. BMW’s push for focused policies rather than blanket tariff hikes indicates a preference for sustainable business growth and fair competition.
OnABudget takeaway: Consumers can expect more affordable car options if import tariffs don’t increase dramatically. Small businesses and investors should watch for targeted policies that support local industry growth without causing price spikes.