Today's Labour News

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ramaphosa2BusinessLive reports that President Cyril Ramaphosa said on Tuesday that the creation of a Tshwane automotive investment zone that would generate an initial 6,700 jobs, with the promise of more later, underlined SA’s attractiveness to foreign investors.  

Central government is spending R3.5bn on infrastructure for a special economic zone (SEZ) next to the Silverton vehicle assembly plant of Ford Southern Africa.  The 81ha first phase has already been fully taken by local and international companies supplying components and services.  Most are existing suppliers that will relocate from current premises, but Ford MD Neale Hill said some were new.  Production is expected to begin in January 2021.  Inducements include tax, duty and VAT breaks, as well as job-creation benefits.  The zone is an extension of the OR Tambo International Airport SEZ.  Besides central government, the Gauteng and Tshwane development agencies are also in on the deal.  A further 81ha adjoining the current land will be released for development later.  The SEZ is another step in Tshwane’s ambition to become Africa’s “motor city”.

  • Read the full original of the report in the above regard by David Furlonger at BusinessLive
  • Read too, New hub to create more than 6,700 jobs, says Ramaphosa, at BusinessTech

Get other news reports at the SA Labour News home page