Mercedes Benz South Africa has announced an investment of R10-billion in the South African assembly operation in East London.
President Cyril Ramaphosa and a member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain, Markus Schafer made the announcement a short while ago.
The investment is linked to the company’s decision to build the generation of the Mercedes Benz C-Class in East London.
He says this re-affirms the car maker’s commitment to South Africa and reviving its economic growth.
This investment into South Africa’s vehicle manufacturing industry is in keeping with the country’s drive to raise R1.2 trillion in new investment over the next five years.
Mercedes Benz says in a statement the investment will be used to expand its current operations in East London.
A new paint and body shop is to be built while the assembly shop will be upgraded.
This coincides with Mercedes Benz 60th year as a manufacturer in South Africa.
President Ramaphosa also paid a visit to the MBSA’s learning academy.
It opened in 2004 and is a public private partnership in co-operation with the national treasury and the jobs fund.