Nissan investment is a boost to SA automotive masterplan

President and trade & industry minister welcome R3bn investment to build next-generation Navara at Tshwane's Rosslyn plantPresident Cyril Ramaphosa poses with Nissan SA management at the company’s Rosslyn plant where they announced local Nissan Navara production. Picture: SUPPLIED

“The automotive sector constitutes a vital part of the South African economy, generating around 7% of the country’s annual GDP and accounting for a third of its total exports, but we need to grow domestic production to account for 1% of the global output by 2020,” he said. Last week’s event was attented by Nissan’s top brass including MD Mike Whitfield, Peyman Kargar, chairman of Nissan’s AMI region, and the Japan ambassador to SA, Shigeyuki Hiroki.

“We looked at the business and it makes sense to build the bakkie here rather than source it from our Thailand-based operations where we build the Navara, Renault Alaskan and also supply Mercedes-Benz with the X-Class. About 1,200 new jobs are expected to be created when production commences some time in 2020. Picture: SUPPLIED

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Cape Town/New York flight could boost business in SAThe mooted United Airlines flight from New York’s Newark airport would increase tourism as well as foreign direct investment Fix the electricity and sort out the water problems. Yanks like aircon and long showers.
Source: BDliveSA - 🏆 12. / 63 Read more »