Ford to invest $1bn in South Africa plants

4 February, 2021 12:00 AM printer

PRETORIA: US car giant Ford on Tuesday announced a $1.05-billion investment in its South African operations, creating thousands of jobs and boosting production in the continent's most industrialised economy.

The investment, the biggest in the US automaker's 97-year history in South Africa, will be used to upgrade operations and expand the production of its Ranger pickup truck.

The company said it would hire an additional 1,200 people to support expanded production, bringing its South Africa workforce up to 5,500, reports AFP.

Around 10,000 new jobs will also be created across its local supplier network.

"This investment will further modernise our South African operations, helping them to play an even more important role in the turnaround and growth of our global automotive operations," the head of Ford's international markets group, Dianne Craig, said in a statement.