Ford to invest R3bn in South Africa

Nov 06, 2017

American car-maker Ford said it would invest R3 billion ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck, the company said last week.

“This significant investment reaffirms Ford’s ongoing commitment to South Africa as a local manufacturer, exporter and key employer in the automotive sector,” Ockert Berry, vice president operations for Ford Middle East and Africa said in a statement. ($1 = R14.20)

 

- Reuters

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