KZN Transport Department says relationship with Toyota remains intact despite R6.5 billion lawsuit
Tokio Marine and Nichido Fire Insurance recently filed a lawsuit at the Durban High Court, seeking compensation for damages suffered at Toyota's production plant during the 2022 floods.
Archive image of flood damage at Toyota plant in 2022 - MISA on Facebook
JOHANNESBURG - The KwaZulu-Natal Transport Department says its relationship with Toyota remains intact despite the motor giant’s insurer suing the provincial government for R6.5 billion.
Tokio Marine and Nichido Fire Insurance recently filed a lawsuit at the Durban High Court, seeking compensation for damages suffered at Toyota's Prospection Plant during the 2022 floods.
Following a meeting with Toyota’s senior managers, the Transport Department held a media briefing on Friday to update on the lawsuit.
During the 2022 floods, Toyota’s Prospection Plant in Durban was forced to shut down for four months, with its cars and machines submerged in water.
This led to Toyota claiming billions from its Japanese insurer Tokio Marine and Nichido Fire Insurance.
The insurer is now seeking to recoup that money and has lodged a subrogated claim against the KZN Transport Department, Ethekwini Municipality and Transnet.
Transport MEC Siboniso Duma says he met with Toyota officials today to clear the air.
“We agreed to sustain our relationship that has revolved over the years, we will do that in the interest of the people of KZN and the whole country. I am sure you know as the private sector they are a major employer in the province of KZN.”
Meanwhile, Toyota South Africa Motors says it’s not directly involved in the lawsuit and won’t benefit even a cent if the Japanese insurer wins.