Toyota Motors Corp. has brought a lawsuit for R6.5-billion in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported.
The claim against Transnet SOC Ltd., the KwaZulu-Natal Department of Transport and eThekwini Municipality has been brought in the high court in Durban by Toyota South Africa Motors’ insurer, Tokio Marine & Nichido Fire Insurance.
It alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. The suit, which claims interest on the sum, alleges that by failing to maintain waterways and drainage systems that carried the floodwater, the three defendants shared responsibility for the damage.
“A successful case on behalf of Toyota could encourage others to seek compensation from municipalities and state-owned enterprises whose failure to deliver causes them losses,” Business Day cited a lawyer unconnected to the case.
Immediately after the flood, Toyota predicted a 33% drop in
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