Biggest change in car prices in 31 years in South Africa

• The Department of Trade, Industry and Competition (DTIC) is expected to announce a new ad valorem duty structure on vehicles sold in South Africa, which will make locally manufactured vehicles more price-competitive relative to imported vehicles.
• The review is part of the Industrial Development Strategy (IDS), which aims to boost the country's local car factories and increase the industry's contribution to the national economy.
• The new duty structure is expected to help bolster the country's local car factories and support the transition to zero-emission vehicles, which will be crucial for South Africa's automotive industry to remain competitive in the long term.