A Japanese automotive manufacturer handling huge manpower of nearly 3,33,498 employees, Toyota plans to invest 1 billion rand ($90 million) in the manufacturing of its Corolla model in South Africa, giving encouragement to the domestic auto sector after strikes that held last year. BMW expressed that wage related strikes in 2013 hindered expansion plans in the country. On the other hand, Toyota emphasized on investment as a part of an expansion plan that was initiated in 2012. Commenting on the investment, Toyota expressed, “The investment is the second to be announced in the current phase of capital expansion that started with the 363 million rand new parts distribution centre in Gauteng in 2012.”
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