Metair Investments is supporting its subsidiaries to supply SA’s local automotive industry and creating new jobs through a major investment in a new project for Ford Motor Company of Southern Africa (Ford South Africa).
Chief financial officer, Sjoerd Douwenga, said the capital expenditure inland and plant and equipment for Hesto Harnesses for the Ford projects totals about R1.1 billion and is split over three years, which started in 2020.
Metair CEO, Riaz Haffejee, said Metair is developing two buildings related to the Ford project – one of which is a 3 500m2 facility in Stanger (KwaZulu-Natal) for Hesto Harnesses because its existing building is full. He added that this facility, which is almost complete, will employ 3 000 additional people between now and the end of the year.
Haffejee added that Metair is also developing a building of some 7 500m2 in the Tshwane Automotive Special Economic Zone next to Ford SA’s production plant in Silverton in Pretoria, which will create less than 100 new jobs.
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Company: Metair Investments Limited
Contact: Riaz Haffejee
Email: [email protected]