Volkswagen confirms commitment to SA with R4b investment

📆 16/04/2024 11:40 p. m.
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Volkswagen Group Africa announces R4 billion investment for assembly plant in Kariega in preparation of new SUV that will be built there.

Volkswagen’s investment announcement is a huge relief for South Africa’s economy. Picture: Jaco van der MerweThe news comes as a huge relief for the local economy. Less than five months ago, Volkswagen Passenger Cars CEO Thomas Schaefer warned the South African government. He said that the ongoing energy and logistical problems are making the country less and less viable for future investment.to its production line-up from 2027.

“It also futureproofs jobs, not only for our people but also those employed in our supplier network.”

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