CAPE TOWN: American car-maker Ford said it would invest R3 billion ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck, the company said on Friday. “This significant investment reaffirms Ford’s ongoing commitment to South Africa as a local manufacturer, exporter and key employer in the automotive sector,” Ockert Berry, vice president operations for Ford Middle East and Africa said in a statement. ($1 = R14.20)
Shippers see temporary lull in exports
Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...