Tariffs threaten export sector
Traditional brands are struggling, and many are starting to close down.
BMW has had its own challenges.
eNCA Money Desk anchor, Rofhiwa Madzena, spoke with BMW SA CEO Peter van Binsbergen about the current trends and the auto manufacturer's plan of action to deal with the changes.
"Tariffs are bad for our auto industry because the South African auto industry is export-driven, and ideally we need tariff-free access to the markets we support," he said.
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