China to invest R12 billion to build cars in South Africa

Trade and Industry Minister Rob Davies announced that the local Industrial Development Corporation (IDC) signed a deal with Beijing Automobile Works (BAW) to build cars in South Africa.

It is reported that the R12 billion Chinese car plant in South Africa would create 2,500 direct and 7,500 indirect jobs.

David Furlonger of Business Day says this could be a good deal for South Africa because we haven’t had a big investment in the motor industry for over 40 years

The Chinese, I am pretty sure they will shake things up

David Furlonger of Business Day

Anything which creates employment, anything which expands the motor industry I think should be applauded

David Furlonger of Business Day

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