South Africa Construction and Business News
Mercedes-Benz to Invest $700M in South African Production Capability
June 28, 2018
German automaker Mercedes-Benz just announced it will be investing $700 million into its South African production facilities to support long-term future growth.
Mercedes-Benz has a long history in South Africa. It opened its first plant in East Londong, South Africa, sixty years ago -- in 1958. It now employs 3,300 people in the country, many of which are in the passenger vehicle production area. It also hit an annual production milestone of 110,000 vehicles in 2017.
According to the company, it believes growing its manufacturing in South Africa will "equip it for the future".
South Africa's President Cyril Ramaphosa said the carmaker's decision to expand show demonstrate to others that "South Africa is capable of delivering efficiency."