President Cyril Ramophosa has expressed gratitude at the confidence Ford Motor Company has shown in South Africa by investing in the Tshwane Automotive Zone in Silverton, Tshwane.
Speaking at the launch on Tuesday,05 November 2019, President Ramaphosa said he is encouraged by the decision of the Ford Motor Company to work with government to establish the first automotive incubation centrein Africa. The automotive hub, forms part of the expansion of the OR Tambo Special Economic Zone (SEZ).
“This is immensely encouraging, and comes at a time when business, government, labour and civil society are working together to resolve the twin challenges of slow economic growth and unemployment,” said President Ramaphosa..
The SEZ is a joint partnership between the Department of Trade and Industry (DTI), Gauteng Provincial Government and the City of Tshwane.
SEZs, are geographically designated areas of a country set aside for specifically targeted economic activities, supported through special arrangements (that may include laws) and systems that are often different from those that apply in the rest of the country. It is estimated that the Hub will create more than 5 000 jobs once fully operational. It is also estimated that the Hub will bring abouta number of new business opportunities to communities such as Eesterust, Moretele View, Nellmapius and Mamelodi.
“This Tshwane Automotive SEZ will positively contribute to our industrial strategy by attracting automotive component manufacturing companies and related services. The development of the Tshwane Automotive SEZ will support the expansion of the incubation centre and contribute more broadly to the development of black industrialists.
“The proposal to establish the Tshwane Automotive SEZ was initiated by the Ford Motor Company to help expand its automotive footprint in South Africa through the attraction of its global suppliers into the country,” President Ramaphosa said.
President Ramaphosa said the initiative is proof that partnership between government and the private sector is vital in driving the development agenda of the country.
Source: Gauteng Province