Cabinet has welcomed the launch of the First Automotive Works (FAW) South Africa assembly plant and operations in the Coega Industrial Development Zone (IDZ) in the Nelson Mandela Bay Metro in the Eastern Cape. The R600-million truck assembly, which is being launched today by President Jacob Zuma, is located in Zone 2 of the Coega IDZ and funded jointly by the China FAW Group Corporation and China-Africa Development Fund. It is one of the largest investments made by a Chinese company in … [Read more...] about Cabinet welcomes opening of FAW plant in Port Elizabeth
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