DIRCO Annual Report

Programme: International Relations

Deviation from planned target to actual achievement 2021/22

Audited actual performance 2019/20

Audited actual performance 2018/19

Planned annual target 2020/21

Output indicator

**Actual achievement 2020/21

Reasons for deviations

Outcome

Output

• Projects that form part of the Presidential Investment drive and the investment promotion efforts, are being supported and monitored; Below is a concise list of inward investments, which were committed to during the reporting period: • Toyota South Africa Motors (TSAM) announced in July 2020 that, including their original pledge, it will invest an additional R4,28 billion during 2020 in its local operations. The lion’s share of the investment, the originally pledged R2.43 billion, has been earmarked for the establishment of a new passenger vehicle manufacturing unit at the Prospection plant in Durban, the work for which will commence in October 2021. Production of the Corolla Quest will continue and will also include production of a Toyota hybrid synergy drive model. The investment in the new model will generate an additional R2.85-billion for the South African economy per year, as well as creating around 1 500 new jobs, of which 500 will be at TSAM and 1 000 with suppliers.

Annual Report 2020/2021 I Vote No. 6

63