South32, AITF, and DTIC Secure R200 Million Funding to Boost Richards Bay Manufacturing
South32, in collaboration with the Automotive Industry Transformation Fund (AITF) and the Department of Trade, Industry and Competition (DTIC), has secured R200 million in funding to support Binpelela Alloys' production of rim alloys in Richards Bay. This funding aims to enhance local manufacturing and job creation, benefiting six of South Africa's seven local Original Equipment Manufacturers. The agreement represents a significant investment in the region's manufacturing capabilities.
South32 Hillside Aluminium, in partnership with the Automotive Industry Transformation Fund (AITF) and the Department of Trade, Industry and Competition (DTIC), has announced a R200 million funding agreement to support Binpelela Alloys’ ongoing production of rim alloys in Richards Bay. The concessional financing will enable Binpelela Alloys to continue manufacturing alloy products supplied to major automotive component companies, ultimately benefiting six of South Africa’s seven local Original Equipment Manufacturers. The funding is a collaborative effort involving South32, AITF, and DTIC, aimed at strengthening local manufacturing and job creation in the region. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South32 Ltd. published the original content used to generate this news brief on November 12, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
