The YFPO investment in the new factory is expected to create between 340 and 360 new jobs.
Deputy Minister of Trade, Industry and Competition Fikile Majola led a ribbon cutting ceremony at the TAC this week to celebrate the completion of critical bulk infrastructure for the initial development of the TAC. He added that the K217 will connect Rosslyn and Soshanguve to the N4 highway, which will help connect Rosslyn to Silverton and BMW and Nissan to Ford, in line with the TAC masterplan.
“In addition, the inland port will connect to Transnet’s freight line in Rosslyn, which will link to Ford in Silverton, and then to either the Port of Durban or Port of Gqeberha, to assist in moving additional automotive freight from road to rail, a key component in achieving export efficiencies.”Falkson said the three priority nodes in the TAC are expected to attract around R42 billion worth of investment and create about 59 513 jobs over the next 10 to 15 years.
An 80 to 100-bed private hospital that will be operated by a listed company, with construction hopefully commencing by the end of 2025 once licensing approval has been obtained; Falkson said these developments will use about 50% of Rosslyn Hub’s available land in the TAC, with the remaining land potentially used for a regional shopping centre and conference facility as well as a secure industrial park.