Nissan announces $215 million investment in Rosslyn plant

South Africa President Cyril Ramaphosa has officiated over Japanese automotive Nissan’s announcement of a R3 billion, approximately $215 million, investment at its Rosslyn plant in the capital.

“It’s a matter of great pride for us that many more motorists around the world will be driving vehicles that bear the industry and craftsmanship of South African workers,” said the President at the official ceremony held in a country where the automotive sector is an essential part of its industrialization.

The investment comes following South Africa’s inaugural Investment Conference in the latter part of 2018. At the conference, South Africa announced that it wanted to raise R1.4 trillion over the course of the next five years;