In a move that President Cyril Ramaphosa described as a vote of confidence in SA’s future, US motor giant Ford is investing R15.8bn into the country, a move it said will turn its local subsidiary into a model for the rest of the group.

Nearly two-thirds of the money, R10.3bn, will be spent readying Ford Southern Africa’s Silverton vehicle assembly plant in Tshwane for the launch of a new Ranger pick-up at the end of 2022, making SA just one of five countries in which the vehicle will be built...

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