President Jacob Zuma is due to officially commission a new Toyota manufacturing plant in Prospecton, Durban, on Tuesday.
The plant, which will manufacture new Toyota Hilux and Fortuner models, is part of Toyota's injection of R6.1bn investment into SA's automobile industry.
The investment by the Japanese manufacturer is a demonstration of the continued confidence that global automotive producers have in SA.
Earlier this month Trade and Industry Minister Rob Davies announced the establishment of a team of technical experts to develop a post-2020 automotive master plan.
The news was well received by the motor industry, which has recently committed to significant investments in new plants and needs certainty on the road ahead after 2020, when the existing automotive development plan comes to an end.
The technical team is led by KwaZulu-Natal University’s Prof Justin Barnes and University of Cape Town School of Economics’ Prof Antony Black, and includes a range of other industry and industrial policy experts from B&M Analysts, Trade and Industrial Policy Services (TIPS), and senior staff of the Department of Trade and Industry.
The plant, which will manufacture new Toyota Hilux and Fortuner models, is part of Toyota's injection of R6.1bn investment into SA's automobile industry.
The investment by the Japanese manufacturer is a demonstration of the continued confidence that global automotive producers have in SA.
Earlier this month Trade and Industry Minister Rob Davies announced the establishment of a team of technical experts to develop a post-2020 automotive master plan.
The news was well received by the motor industry, which has recently committed to significant investments in new plants and needs certainty on the road ahead after 2020, when the existing automotive development plan comes to an end.
The technical team is led by KwaZulu-Natal University’s Prof Justin Barnes and University of Cape Town School of Economics’ Prof Antony Black, and includes a range of other industry and industrial policy experts from B&M Analysts, Trade and Industrial Policy Services (TIPS), and senior staff of the Department of Trade and Industry.
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