Toyota South Africa has made the biggest single investment the Japanese motor manufacturer has ever made in South Africa.
The investment in its Durban manufacturing plant is nearly three times the value of Ford’s recent investment.
President Jacob Zuma officially commissioned the new plant on Tuesday.
The Money Show’s Bruce Whitfield interviewed Andrew Kirby, CEO and President of Toyota SA.
Scroll down for quotes from the audio below.
We want to strengthen our footprint in South Africa.— Andrew Kirby, CEO and President of Toyota SA
We want to be globally competitive.— Andrew Kirby, CEO and President of Toyota SA
We could not have justified our investments if production was only for the local market.— Andrew Kirby, CEO and President of Toyota SA
We increased the number of employees by 557.— Andrew Kirby, CEO and President of Toyota SA
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