Zuko Komisa

Car brand BMW to invest R4.2 billion into their plant in Tshwane.
BMW has announced that it will invest roughly R4.2 billion to upgrade its Rosslyn Plant in Tshwane so that it can produce the next-generation BMW X3 hybrid plug-in vehicle.
In 2024, it is anticipated that the car will start to be produced, with 300 workers at the plant receiving specialized training.
Deputy President Paul Mashatile said the investment was a vote of confidence in South Africa as an investment destination on Wednesday at an event commemorating 50 years since the automobile maker first set foot on South African soil.
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He added that the government has taken a number of steps to increase investor appeal in South Africa.
“What BMW has done through this investment shows that South Africa is open for business. What [they] have done through this investment is to give confidence to say South Africa…is an excellent investment choice and of course, we are a gateway to Africa.
“We are aware through your R4.2 billion investment in electrification and digitisation, you have secured the future of BMW Group plant in Rosslyn for another 50 years,”
“One of the things that we are doing is establishing Special Economic Zones…where we are offering tax breaks, custom duty exemptions and infrastructure development subsidies. Those are the things that we think will help grow businesses together with yourselves and employ more people.
“Secondly, we are investing more in skills development and training programmes to upskill the South African workforce – particularly those in manufacturing – and also to invest in infrastructure,” said Mashatile
STATEMENT: City of Tshwane congratulates BMW Rosslyn Plant on their 50th anniversary and welcomes R4,2 billion investment. @CityTshwane pic.twitter.com/Zb1k20Hqh6
— Mayor Cilliers Brink (@tshwane_mayor) June 29, 2023
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