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Toyota invests over one-hundred million dollars into a car factory

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Toyota South Africa will invest US $147 million in a hybrid car plant in KwaZulu-Natal province, Minister of Economic Development, Tourism and Environmental Affairs, Nomusa Dube-Ncube, announced in Durban.

Speaking on Wednesday, 29 July 2020 Dube-Ncube said Toyota’s multi-million dollar investment would produce the country’s first ‘synergy hybrid’ (petro-electric) car park.

Expressing her gratitude to the automaker for this investment, Dube-Ncube said the auto industry has suffered billions in losses as a result of the Covid-19 pandemic – “millions of people facing abject poverty”.

She thanked Toyota executives for working with her provincial government to turn the situation around, despite the challenges created by the pandemic.

The regional Minister noted that her provincial government was working quickly to bring the Automotive Supplier Fleet Special Economic Zone south of Durban into operation by 2021.

The park, when completed, is expected to create approximately one-thousand three-hundred and thirty-nine jobs. The vehicles will be exported to Europe and Africa.

– APA

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