Eric Naki
Political Editor
2 minute read
7 Nov 2019
6:10 am

Cosatu optimistic, keen to see difference investment promises make

Eric Naki

The hub and auto-manufacturing plants to be opened in KwaZulu-Natal and Eastern Cape mean a possible a 10% rise in car exports.

President Cyril Ramaphosa inspects a new Ford Ranger with Ford CEO Neale Hill during the launch of the new Tshwane Automotive Hub at the Ford Motor Company in Silverton, Pretoria, 5 November 2019. Picture: Jacques Nelles

The Congress of South African Trade Unions (Cosatu) could not hide its optimism about the job prospects emanating from President Cyril Ramaphosa’s series of job and investment summits. Ramaphosa this week opened the Tshwane Automotive Hub at the Ford plant in Pretoria, which was a direct outcome of pledges made during the October 2018 investment summit. This was punted as evidence that these conferences were not merely talk shops. The hub and auto-manufacturing plants to be opened in KwaZulu-Natal and Eastern Cape mean a possible a 10% rise in car exports. Cosatu, which is usually critical of government efforts –...