Ford and Gauteng launch R100m initiative to develop black-owned suppliers

February 1, 2011

The Gauteng government and vehicle manufacturer Ford Motor Company of Southern Africa (FMCSA) on Tuesday launched a R100-million initiative to promote black-owned small and medium-sized (SME) enterprises development in the automotive industry.

The investment saw the establishment of South Africa's first automotive broad-based black economic-empowerment (BBBEE) incubation facility, as well as a production simulator, which would be used to augment Further Education and Training and other tertiary education institution's technical capability in Gauteng.

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