Clear Government Policy Has Given Toyota Confidence To Invest

Toyota South Africa has announced its biggest ever single investment in Gauteng, with plans to spend ZAR363mn (US$52.8mn) on a new parts warehouse and distribution facility. According to Toyota SA's president and CEO, Johan van Zyl, the government's Automotive Production and Development Programme (APDP) has provided the 'stable and predictable environment' needed for carmakers to invest, which supports BMI's view that a clear industry policy is essential to win investment and create

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