Vehicle giant invests in SA

Hyundai Automotive South
Africa opened its new
assembly line for five- and
six-tonne trucks in Benoni
last week.
The plant is a R110-
million investment that
will see the assembly and
export of medium-duty
trucks across Africa.
Garth Strachan,
deputy director-general
responsible for Industrial
Policy Development at
the Department of Trade
and Industry (dti) said the
launch of assembly line
came at the right time for
South Africa. “Foreign
direct investment across
a range of manufacturing
sectors is significantly up,”
he commented.
Strachan said the
department was confident
that Hyundai would
provide a good base
from which to begin
manufacturing in
Southern Africa.