Toyota SA to invest over R4bn in car assembly and parts
New model line to replace Corolla at Prospecton plant, and 1,500 jobs to be created
30 January 2020 - 20:48
Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply.
Speaking at the company’s annual State Of the Motor Industry address at Kyalami on Thursday, president and CEO Andrew Kirby said the lion’s share of R2.43bn would go towards the production of a new passenger-car model from October 2021 at the Prospecton plant in KwaZulu-Natal...
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