INVESTMENT PICK-UP
South African President Cyril Ramaphosa cutting the ribbon at Japanese vehicle manufacturer Nissan’s factory in Rosslyn, in Tshwane, while Gauteng Premier David Makhura and Tshwane mayor Solly Mokgolapa (both to Ramaphosa’s right) look on. Nissan has announced that it will invest R3-billion to prepare for the production, from late 2020, of the Navara pick-up. About 30 000 of the vehicles will be assembled at the factory yearly, with 12 000 to be exported to markets in the rest of sub-Saharan Africa. Ramaphosa is on a major drive to attract investment into the country, which investors have shunned in recent years, partly owing to serious corruption problems. Government is targeting investments worth $110-billion over a five-year horizon from 2018.
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