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Nissan to invest R3 billion in SA

Current 11 April 2019

CAPE TOWN – Nissan is reportedly planning to invest R3 billion in its South African plant to prepare for the production of the latest version of the Navara pickup.

According to a report by Fin24, The manufacture of the Navara from 2020 will also create jobs in a country where more than one in four of the population is unemployed.

President Cyril Ramaphosa visited the Nissan facility in Rosslyn and stated that the automotive industry forms a large part of the manufacturing sector in SA.

Ramaphosa said: “Automotive is already the largest part of South Africa’s manufacturing sector, contributing around 7 percent of gross domestic product annually and accounting for a third of manufacturing output.”

The report further stated that the company plans to double its industrial reach in the Middle East, Africa and India by 2022 by adding more factories.

Written by: Gabriella Steyn.
Guzzle Media.