The Japanese automotive giant Toyota has committed to investing R10.4 billion in KwaZulu-Natal to support the South African automotive sector’s energy transition.

This was confirmed by President Cyril Ramaphosa during his closing remarks at the 2026 South Africa Investment Conference (SAIC).

Toyota’s investment forms part of the record-breaking R415 billion pledged towards projects that span all nine provinces.

President Ramaphosa welcomed the investment, noting that this year’s investments represent the highest total achieved since the first South Africa Investment Conference, and the highest number of projects.

Overall, South Africa’s automotive manufacturing sector will benefit from nearly R20 billion in investment from six international projects.

These include Toyota’s R10.4 billion, which represents more than half of the total investment, and the National Association of Automotive Component and Allied Manufacturers (NAACAM), which pledged R5.8 billion.

Source: TopAuto.co.za