Ford’s R15-billion investment in South Africa
TOP African motor vehicle manufacturer - Ford - has unveiled a massive investment of R15.8-billion (US$1.05 billion) in its South African manufacturing operations. The investment, announced in Pretoria in the presence of South African President Cyril Ramaphosa and Gauteng Premier David Makhura, marked the biggest investment in Ford’s 97-year history in South Africa. It also represents one of the largest-ever investments in the South African automotive industry, boosting Ford’s production capability and creating new jobs. “This investment will further modernize our South African operations, helping them to play an even more important role in the turnaround and growth of our…