Cabinet welcomes Toyota’s investment at Dube TradePort

The Minister in the Presidency responsible for Planning, Monitoring and Evaluation, Maropene Ramokgopa, said the Cabinet welcomed the launch of a R1.1 billion automotive components manufacturing facility at the Dube Trade Port Special Economic Zone in KwaZulu-Natal.She said the massive investment by Toyota Tsusho Africa (Pty) Ltd and Ogihara Thailand Corporation Ltd was a vote of confidence on South Africa’s position as a formidable destination for foreign direct investment.“The investment also underscores the progress that has been made under the stewardship of President Cyril…