By Akani Nkuna
President Cyril Ramaphosa has welcomed Toyota South Africa’s R10.4 billion investment in the production of the ninth-generation Hilux, describing it as a major vote of confidence in the country’s manufacturing sector, skilled workforce and long-term economic prospects.
Speaking at Toyota’s Prospecton plant in Durban, KwaZulu-Natal, on Wednesday, Ramaphosa said the investment would strengthen South Africa’s automotive industry, expand localisation and support thousands of jobs.
“The R10.4 billion investment in the new-generation Hilux programme demonstrates precisely the type of investment that South Africa seeks to attract,” Ramaphosa said.
“These world-class facilities further strengthen Prospecton’s position within Toyota’s global manufacturing network.”
He said the value of the investment extended beyond infrastructure and equipment.
“The true measure of this investment is not found in machinery or buildings. Its true value lies in the opportunities it creates. It lies in the thousands of South Africans whose livelihoods depend on this plant.”
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