Business Psychology

VW South Africa to invest R5 billion in its Eastern Cape plant


VW South Africa to invest R5 billion in its Eastern Cape plant, Some good investment news in a week that saw a plunging currency and weak economic data. Car maker Volkswagen SA has decided to invest 5 billion rand in its car manufacturing plant in Uitenhage in the Eastern Cape to produce two new models from 2017. It’s a big vote of confidence in the South African economy and will create hundreds of additional jobs.

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