More than R4.3 billion is to be invested in the Tshwane Automotive Special Economic Zone (TASEZ) by 12 Ford suppliers and related services companies that have committed to establishing operations in the SEZ.
Ford’s executive director of government affairs for Africa, Dhiren Vanmali, confirmed this on Tuesday, adding that another 10 Ford suppliers and related services companies are showing keen interest in establishing operations in the SEZ.
“Accordingly, the team is already hard at work on the next phases of the project beyond the initial 81 hectare [ha] site,” he said.
Once completed, the TASEZ will span 204ha of land currently owned by the City of Tshwane.
National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Renai Moothilal said on Tuesday he is aware of companies that have been investigating possible investments in the TASEZ but the full and final list of investors has not yet been released.