Business
Economics, not politics must drive inner cities
The development of South Africa’s cities is critical to creating jobs and improving economic growth rates, but without partnerships, finding niches, being uber competitive and technologically advanced, this will not happen, delegates at a development conference heard on the weekend. An especially big stumbling block would be if politics rather than economics drove the development. … Continue reading
VWSA pumps R500m into a new press shop
Volkswagen South Africa (VWSA) has started construction of a new R500 million press shop in its Uitenhage assembly plant. The investment is in addition to the R4.5 billion the car maker has invested in South Africa over the past four years. David Powels, VWSA’s group managing director, said the investment would enable further local content … Continue reading
German components firm opens R178m Uitenhage facility
“Benteler is key to VW Group SA’s business strategy to increase the local content on the new Polo and the Polo Vivo to in excess of 70%,” adds VW Group SA MD David Powels. Benteler, together with other parts manufacturers – Faurecia, Grupo Antolin, Rehau and Flex Tech – has invested more than R700-million and … Continue reading
Volkswagen unveils SA investment plans in Uitenhage and Pretoria
Europe’s biggest automaker Volkswagen said on Thursday it would expand its South African operations with investments in a plant in Uitenhage and a distribution centre near Pretoria. VW said it would invest about €70 million ($85 million) on top of around €500 million already ploughed into South Africa over the past four years as part … Continue reading