The acquisition of Roslin factory by Cherry or Cherry International is a powerful signal to global investors that South Africa remains a trusted destination for industrial investments. It is a vote of confidence in our people, our institutions, our infrastructure, our long-term future as well. It reinforces South Africa's role as an automotive gateway to Africa. Government values this investment as it is anticipated to positively impact lives of many ordinary people in the surrounding communities. Ladies and gentlemen, government welcomes Cherish's presence in Roslin precisely because it offers the possibility for industrialization to be rooted in local communities, for jobs to be created where they are most needed and for young South Africans to see themselves not only as workers but as owners, innovators and leaders. in the automotive industry. This factory is therefore a beacon of hope, skills and future opportunities for the youth of Mabupani, Sangu Karangua and Hamascral as well. I believe that this investment will also reinforce the social fabric through the cooperation of organized labor, local suppliers, and township entrepreneurs in one value chain.