Big win for Kia and Hyundai in South Africa

• South Korean carmakers, including Hyundai and Kia, and automotive parts manufacturers will continue to benefit from South Africa's favourable import duties for at least another year.
• The South African government issued a notice in May last year that outlined the second phase of a temporary economic intervention to protect the local steel industry from an influx of cheap imports.
• The extended trade agreements could have long-term effects on local supply chains and vehicle pricing, particularly benefiting Hyundai, which operates a local assembly plant to build commercial trucks for local sales and exports to neighbouring countries like Botswana and Namibia.