News update: Ford invests R15.8bn in SA, and more

 News update: Ford invests R15.8bn in SA, and more

News update.

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Ford invests R15.8bn in SA

Ford will invest R15.8bn in South Africa, the most significant investment in its 97 year history in the country. The investment was announced today at the Tshwane Automotive Special Economic Zone. Ford has a plant in Silverton, which assembles the Ranger models. The investment will create 1200 incremental jobs as part of an upgrade to the Silverton plant, which comprises approximately R10.3bn of the total investment.

President Ramaphosa, whose plan to attract more foreign direct investment into South Africa thanked Ford for their confidence in South Africa, and said the automaker should stay in SA for another 100 years. The investment by Ford makes up 1.3% of Ramaphosa’s R1.2 trillion investment drive, which is set to be achieved during the next 5 years.

SA nominates Cuban doctors for Nobel Peace Prize

President Cyril Ramaphosa has nominated the Cuban Medical Brigade for the 2021 Nobel Peace Prize. Globally, more than 3700 Cuban doctors were dispatched to assist with the fight against the Covid-19 pandemic. The doctors arrived in South Africa in April 2020. The Cuban Medical Brigade cost South Africa approximately R240 million during the last 12 months. South African hospitals are notoriously short-staffed, and the arrival of the Cuban doctors provided much needed relief for stretched local hospital staff.

However, the DA and Action SA feel that by nominating the Cuban doctors for the coveted award, South Africa’s own medical professionals are being ignored. DA health spokesperson Siviwe Gwarube feels the nomination was bizarre, “No one will ever argue that we cannot express gratitude to international partners who have assisted the country in this journey, but that surely cannot be done by overlooking the monumental sacrifice done by our health-care workers under impossible conditions. “It is for this reason that the DA will submit its own application to the Nobel Foundation for consideration for 2022 since this year’s nominations have closed,” she said.

Reacting to the news of the nomination on social media, South Africans were divided on the call, with some expressing that South African health workers and the Gift of the Givers were more deserving.

Others did support the nomination of the Cuban doctors, however.

Chris Louw

Featured Financial Writer for SA Shares - Read more about Chris's Bio -

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