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credit incentive from the new programme, it would endanger the successor model to the BMW X3 at the group’s plant in Rosslyn in Pretoria.

Zipse stressed that if the export credit incentive was endangered, there was no reason for BMW to have a plant in South Africa.

“It’s far away from any other big market. That is the only reason why we have the plant in South Africa. It is the combination of serving a market and having production. It’s a perfect synergy between different needs,” he said in a media round table discussion in Munich in Germany following the release of BMW’s global financial results.

Zipse added that before 1999 the Rosslyn plant only produced vehicles for the South African domestic market.

“The local market for us is about 18 000 units and the