Govt to help auto sector fund transition to electric vehicles

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Government will provide fiscal support to the automotive industry to help it transition to producing electric vehicles, says Deputy Finance Minister David Masondo.

Getty ImagesGovernment will provide fiscal support to the automotive industry to help it transition to producing electric vehicles, Deputy Finance Minister David Masondo said.

The efforts to encourage investment into the production of EVs and their components"comes at a time when the fiscus is particularly stretched," Masondo said in an address to the industry on Thursday.

 

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