In a move designed to rev up its economy, Port Elizabeth will receive one of the biggest investments in its history - an R11-billion motor manufacturing plant.
According to Business Day Live, the plant is to be built by a Chinese company, Beijing Automobile International Corporation (BAIC), and is partly funded by the Industrial Development Corporation (IDC).
It will manufacture vehicles for export to the rest of Africa and is expected to create 2500 direct jobs.
The vehicle types to be manufactured range from passenger cars and SUVs to trucks and buses as well as agricultural equipment.
