Automobile manufacturer Ford will invest R15.8 billion in South Africa.
The bulk of the investment will go towards upgrading the Silverton assembly plant in Tshwane.
The investment is also set to create new jobs and upskill workers.
Automobile manufacturer Ford will invest R15.8 billion in South Africa - the most significant investment in its 97-year history in the country, said Andrea Cavallaro, operations director of Ford International Markets Group.
The international motor company made the announcement on Tuesday at the Tshwane Automotive Special Economic Zone – following President Cyril Ramaphosa's visit to the site.
Ford has a Silverton plant in Tshwane, which is one of five facilities throughout the world that assembles the Ranger model – the others being Argentina, the US and two plants in Thailand, said Cavallaro.
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