6,700 direct jobs to be created at Tshwane Automotive Special Economic Zone - Ramaphosa IsaacPat
The launch comes as Ramaphosa is about to launch his second investment conference which takes place at the Sandton Convention centre on Wednesday. Ford Motor Company, which is driving the development of the Tshwane zone, said it had already made a R11bn investment in South Africa since 2009.
Neale Hill, Ford Motor Company CEO, said:"We aim to contribute towards the 1% objective of global vehicle production in South Africa, and we will strive to achieve the 60% local content target by 2035. Through this initiative, we are taking a significant leap forward towards supporting the South African Automotive vision."
Hill said Ford South Africa is already a centre of excellence for the Ford Ranger pickup, which is assembled in Silverton. "It is sold locally and exported to well over 100 markets around the world," Hill said.
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