The investment by Ford, which is the largest in the history of the local automotive sector, is expected to create some 10 000 new jobs.  

The president was speaking at the Tshwane Automotive Special Economic Zone at Ford Silverton on Tuesday morning. 

Ramaphosa said the investment shows the company is prepared to expand and grow its business interests in the country. 

"But it is also a great demonstration of confidence in our country. If they didn't have confidence in our ability to be able to ensure that this investment would work for them, they would have taken it somewhere else.”

Ramaphosa told officials from the motor company that he is pleased that small businesses and surrounding communities will also benefit from the investment.  

Jacaranda News