PRESIDENT Cyril Ramaphosa says the investment commitment by both Ford and Metair Investments reflects long-term confidence in South Africa as a key link in the global automotive value chain.
On Tuesday, President Ramaphosa officiated the launch of the Metair Investments subsidiary Hesto Harnesses, where a new 35 000 square-metre state-of-the-art manufacturing plant was unveiled in KwaDukuza, KwaZulu-Natal.
In partnership with Yazaki Corporation, Hesto Harnesses manufactures wiring harnesses and instrument clusters for supply to South African-based automotive Original Equipment Manufacturers (OEMs) Toyota, Isuzu, Nissan and Ford.
The President was very impressed at the grand opening of Metair’s R500 million manufacturing facility for automotive sector parts.
“I’ve never been as impressed as I am this morning by just walking on the floor of this factory and seeing the great enthusiasm on the faces of the workers. I saw not only enthusiastic faces and people, 70% of them women, all of them so beautiful.
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
