Breaking News, Business, South Africa

Ford to invest at-least R3 billion in its South African assembly plant

American car-maker Ford said it would invest 3 billion rand ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck, the company said on Friday.

“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.

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