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The East London Industrial Development Zone Corporation and Johnson Controls Incorporated are set to announce a new multi-million rand investment in the Zone’s Automotive Supplier Park.
Metrominute reports that the additional investment will create more jobs and more direct foreign investment into the country.
The EL IDZ said the growth in private sector investment into the zone had increased from R600m in the 2009/2010 financial year to R4b in the 2012/2013 fiscal year.
The new investment by Johnson Controls is said to be linked to Mercedes Benz South Africa's new C-class programme.
(Source: Metro Minute to subscribe mail metminutes@iafrica.com)
