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Reuters
Reuters
Business
By Andrea Shalal

Yellen lauds Ford's 100-year history in South Africa, flags more investments

U.S. Secretary of the Treasury Janet Yellen poses inside a vehicle during her visit at the Ford Assembly Plant in Silverton, a suburb in Pretoria, South Africa, January 26, 2023. REUTERS/Siphiwe Sibeko

U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on," including South Africa.

Yellen spoke after touring Ford's plant in Silverton, a suburb of Pretoria, where she got behind the wheel of bright yellow new Ranger pickup truck and spoke with workers and company officials. This is the third leg of her three-country trip across the African continent that is aimed at expanding U.S. economic ties and countering China's influence on the continent.

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