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VW announces R4bn Eastern Cape injection, and PwC rejects Evergrande claims

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Business brief | VW announces R4bn Eastern Cape injection, and PwC rejects Evergrande claims

In a somewhat slower day for corporate news, Volkswagen announced a hefty new spend at its plant in Kariega. Afrimat slipped a little despite flagging a hefty earnings rise, while Purple Group surged after reporting record results. In international news, PricewaterhouseCoopers has rejected allegations contained in an anonymous letter that criticised its auditing of beleaguered Chinese real estate giant Evergrande.in its manufacturing plant in Kariega in the Eastern Cape.

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