The efforts of the ANC government's plans to grow the economy through restoring investor confidence in our economy, is evident in the launch of one of the world's leading chassis manufacturers, Z F Lemfrder South Africa, in East London's Industrial Development Zone, on Tuesday, 3 September 2019.The company produces front and rear axles for its customer, Mercedes-Benz South Africa. The company wants to expand its international footprint by launching the new plant in East London, thus growing East London and the East London Industrial Development Zone, Elidz, into a strong economic hub.
The company further seeks to contribute to the creation of jobs in the supply chain industry, and has employed 200 people and has another 100 learners on the payroll in its East London plant. The company also has operations also in Cape Town, Pretoria, Johannesburg and Durban with a combined total of 460 employees. The ANC calls upon other investors to follow suit and invest in South Africa and to introduce growth enhancing reforms in key economic sectors, in order for us to improve the competiveness ... [Time expired.]