Fin24 reports that according to Nissan, a multi-billion rand investment in its SA plant for the production of the latest version of the Navara pickup will result in the creation of about 1,200 full time jobs.
Nissan announced the R3bn investment on Wednesday at an event that was also attended by President Cyril Ramaphosa. Speaking at the ceremony, Ramaphosa described the investment as a significant milestone in the country’s investment drive and an "expression of confidence in the South African economy". The investment comes on the back of an Investment Summit late in 2018, where various businesses made investment commitments amounting to R290bn over the next five years. Of the pledges, some R40bn came from the automotive sector. The Presidency said in a statement that it believed that of the pledges made, projects amounting to at least R187bn were already in implementation phase, while those amounting to about R26bn were in the pre-implementation phase.
- Read the full original of Sibongile Khumalo’s report on this story at Fin24
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