Friday, July 11, 2025
  • Login
  • Register
Soweto Sunrise
Advertisement
No Result
View All Result
  • Home
  • Elections 2024
  • News
    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Kagiso’s active men and women sweating it out for charity

    Kagiso’s active men and women sweating it out for charity

    Matric Mid-term Results: Your guide to Charting Finals success

    Matric Mid-term Results: Your guide to Charting Finals success

    Advocating for Social Justice in communities

    Advocating for Social Justice in communities

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    Trends in youth entrepreneurship

    Trends in youth entrepreneurship

    “Navigating the Job Market: South African Graduates Face Unprecedented Challenges Amid Rising Unemployment”

    “Navigating the Job Market: South African Graduates Face Unprecedented Challenges Amid Rising Unemployment”

    Digital Interventions may be Prescription for Men habitually avoiding the Doctor

    Digital Interventions may be Prescription for Men habitually avoiding the Doctor

    Men of Valor Ministry tackles Men’s issues head-on

    Men of Valor Ministry tackles Men’s issues head-on

    • Politics
    • Health
    • Provincial
  • Community
    • Editors Pick
  • Crime
  • Business
  • Entertainment
    • Events
  • Sports
  • About Us
    • Terms & Conditions
    • Privacy Policy
  • Home
  • Elections 2024
  • News
    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Kagiso’s active men and women sweating it out for charity

    Kagiso’s active men and women sweating it out for charity

    Matric Mid-term Results: Your guide to Charting Finals success

    Matric Mid-term Results: Your guide to Charting Finals success

    Advocating for Social Justice in communities

    Advocating for Social Justice in communities

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    Trends in youth entrepreneurship

    Trends in youth entrepreneurship

    “Navigating the Job Market: South African Graduates Face Unprecedented Challenges Amid Rising Unemployment”

    “Navigating the Job Market: South African Graduates Face Unprecedented Challenges Amid Rising Unemployment”

    Digital Interventions may be Prescription for Men habitually avoiding the Doctor

    Digital Interventions may be Prescription for Men habitually avoiding the Doctor

    Men of Valor Ministry tackles Men’s issues head-on

    Men of Valor Ministry tackles Men’s issues head-on

    • Politics
    • Health
    • Provincial
  • Community
    • Editors Pick
  • Crime
  • Business
  • Entertainment
    • Events
  • Sports
  • About Us
    • Terms & Conditions
    • Privacy Policy
No Result
View All Result
Soweto Sunrise
No Result
View All Result
Home Business

MEC visits state of the Tshwane Automotive Special Economic Zone

by sowetosunrisenews
July 16, 2024
in Business, News, Press Statement
0
MEC visits state of the Tshwane Automotive Special Economic Zone
Share on FacebookShare on X

On Tuesday, 16 July 2024, the newly appointed Member of the Executive Committee (MEC) for Finance and Economic Development in the Gauteng Province, Mr Lebogang Maile, visited the Tshwane Automotive Special Economic Zone (TASEZ) in the administrative capital. The purpose of this visit was to engage with the management and workers of TASEZ about the work of the agency in relation to the provincial government’s objective to strengthen industrialisation and ensure job creation in Gauteng.

Background of TASEZ

The Tshwane Automotive Special Economic Zone (TASEZ) is the first automotive city on the African continent. It is based in the north-east of the City of Tshwane, in the heart of the province’s automotive manufacturing industry. TASEZ’s mandate is aligned and effectively born out of the national strategies of the South African government, particularly the Reimagined Industrial Strategy. This strategy aims to provide greater focus on strategic value chains. This is achieved through promoting localisation and sector masterplans, ensuring that more South Africans benefit directly from the industrialisation process through job creation and more broad-based ownership of businesses, and promoting the legal and other modalities required to increase trade within Africa, through the African Continental Free Trade Area (AfCFTA).

TASEZ is part of the Special Economic Zones (SEZ) program, which includes other SEZs across the economic corridors of the province. The program is supported by intensive investment promotion, will be utilised to accelerate re-industrialisation of the Gauteng City Region. The department will continue to support investment in the automotive sector, with special attention given to electric vehicles and autonomous vehicles. Working with national counterparts, the department will double efforts in resolving the logistical constraints faced by the auto-sector.

TASEZ manufacturing capacity and job creation

TASEZ operations are in full swing, with the completion of phase 1 and Phase 1 A of its development seeing the production of the first next-generation Ford Ranger getting into gear in November 2022. This was the result of a capital investment of US$1.05 billion (R16 billion) by Ford Motor Company of South Africa (FMCSA) increasing its capacity from 160 000 to 200 000 vehicles annually and exporting vehicles to more than 100 global markets. Over and above the R16 billion investment by FMCSA, investment into TASEZ by the 11 Tenants/Ford suppliers stands at R5,9 billion against an initial target of R3,4 billion. This investment has enabled the creation of 3 244 permanent jobs within the zone, with more than 65% of these jobs sourced from the surrounding communities. Of these jobs, 32% were filled by women and 65.4% by youth. In addition, TASEZ has so far recorded more than 5 071 construction jobs, consisting of 43% youth and 18% women. This is in line with the department’s objective of strengthening access into the economy for marginal communities. This brings the total of direct jobs created through SEZ to over 8 000 direct jobs resulting in more than 18 396 indirect jobs.

Over 265 construction packages have been awarded to Small, Medium and Micro Enterprises (SMMEs) within the surrounding communities equating to R1,7 billion. This translates to 43% of all the construction packages. This program was enabled through the formal establishment of the Community Project Committee (CPC), Community Liaison Officers (CLO) and mentoring and training programmes geared at supporting both SMME and individual job seekers.

Plans within the 7th administration

Over the next two years, Ford Motor Company Southern Africa (FMCSA) is investing an additional R5.2 billion for the production of the first-ever Ranger plug-in hybrid electric vehicle (PHEV). To this end, TASEZ, through the Inter-governmental Relations Agreement between the three spheres of government, has secured R392 million for internal bulks and a R932 million initial top structure funding for the establishment of a Ford sub-assembly of aftermarket components and sequencing facility for national and international markets. Through these investments, the manufacturing capacity of the Gauteng Province will be strengthened, while more jobs are created.

MEC Maile’s visit to TASEZ forms part of his ongoing commitment to ensuring the functionality of institutional vehicles that are geared towards promoting sustainable and inclusive economic development. Over the coming weeks, more initiatives aimed at ensuring revenue enhancement, industrialisation and job creation by the provincial government will be communicated.

Gauteng Department of Economic Development
Soweto Sunrise News

sowetosunrisenews

sowetosunrisenews

Soweto Sunrise News, we have positioned ourselves as a positive content publication, seeking to uplift our immediate communities and beyond. We address to a broader scale issues pertaining to immediate ordinary lives and engage our participants so that they have a platform to make their voice heard. We have employed advanced ad innovative tools so our people can be better informed.

Related Posts

Bridging the skills gap in S.A. starts with reimagining the approach to education

Bridging the skills gap in S.A. starts with reimagining the approach to education

by sowetosunrisenews
July 9, 2025

As the world hurtles toward a more digital, automated and interconnected future, the question that should be on our minds...

Kagiso’s active men and women sweating it out for charity

Kagiso’s active men and women sweating it out for charity

by sowetosunrisenews
July 8, 2025

There’s no denying the power of exercise when it comes to physical and mental health, that physical activity can also...

Dignity for R5: Shoprite’s new toiletries target hygiene inequality

Dignity for R5: Shoprite’s new toiletries target hygiene inequality

by sowetosunrisenews
July 4, 2025

In response to the more than 14 million people in South Africa - one in five - affected by hygiene poverty, Shoprite...

The case for debt consolidation

The case for debt consolidation

by sowetosunrisenews
July 3, 2025

Simplifying repayments could give you better control, lower costs, and clearer directionWhile debt consolidation isn’t a cure-all for money problems,...

A new legacy for South African youth: Breaking the cycle of unhealthy money management

A new legacy for South African youth: Breaking the cycle of unhealthy money management

by sowetosunrisenews
July 1, 2025

Legacy has always mattered. For generations, it was often referred to as what was passed down, a home, a family...

Pharma Dynamics’ Heart-healthy Cookbooks clinches top spots at Global Cookbook Awards

Pharma Dynamics’ Heart-healthy Cookbooks clinches top spots at Global Cookbook Awards

by sowetosunrisenews
July 1, 2025

South African heart-health is in the global spotlight this month, with Pharma Dynamics celebrating two major honours at the 30th Gourmand...

Recommended By Editor

Shaping Futures!

Shaping Futures!

1 year ago
Whistleblowers a cornerstone in fighting corruption

Whistleblowers a cornerstone in fighting corruption

4 months ago

Soweto Sunrise News

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Facebook Youtube Soundcloud

Newsletter

Subscribe to our newsletter and receive news updates, latest competitions and also exciting event announcements.

This initiative is offered by

Member of

Developed by

About Us

Soweto Sunrise

SOWETO SUNRISE NEWS, we have positioned ourselves as a positive content publication, seeking to uplift our immediate communities and beyond. We address to a broader scale issues pertaining to immediate ordinary lives and engage our participants so that they have a platform to make their voice heard. We have employed advanced ad innovative tools so our people can be better informed.

© 2023 Soweto Sunrise news - A SANEF Initiative | Developed by MeD8 Mdia

No Result
View All Result
  • Politics
  • Municipality
  • Local Business
  • Provincial
  • National
  • Entertainment
  • Events
  • Schools
  • Announcements
  • Sports
  • Community
  • Letter
  • Crime
  • People
  • Local Heros
  • Food

© 2023 Soweto Sunrise news - A SANEF Initiative | Developed by MeD8 Mdia

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent
We use technologies like cookies to store and/or access device information.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}