President Cyril Ramaphosa says the new locally manufactured Isuzu D-Max bakkie is a welcome contribution to government’s efforts to rebuild the country’s economy and create jobs.
President Ramaphosa made the remarks at the launch of Isuzu D-Max bakkie in Nelson Mandela Bay, Eastern Cape recently.
The launch is a result of an investment commitment by Japan’s Isuzu Motors Limited, which forms part of the investment drive started by the President in 2018.
The plant will provide over 1 000 jobs and indirectly employ 24 000 people, contributing to community upliftment.
President Ramaphosa said the Isuzu bakkie is an iconic vehicle in South Africa and its brand has long been associated with quality and reliability.
“The fact that this bakkie is being manufactured in South Africa is more than a matter of pride. It is a welcome contribution to our efforts to significantly expand local production as we work to rebuild our economy and create jobs."
He said the automotive industry is one of the economy’s most important sectors.
"It is a significant source of employment and small business development in the Eastern Cape, particularly in Gqeberh.” he added.
The President also commended Isuzu Motors for supporting the localisation goals of the Automotive Production Development Programme. It is anticipated that a local content value of approximately R2.8 billion will be generated through the lifecycle of this programme.
“Isuzu’s manufacturing plant here in Gqeberha, while best known for producing world-class vehicles, also creates jobs and opportunities for many South Africans, and enables local businesses across the value chain to realise their potential."
He said the Isuzu investment together with the approximately R332 billion in investment pledges made at the 4th South Africa Investment Conference will go a long way in supporting South Africa’s economic recovery.”– SAnews.gov.za
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