VOLKSWAGEN SA announced a R500m investment in a new workshop facility, adding to a R5,23bn investment by the group in SA over the past four years.The investment is to help VWSA increase its local content manufacturing and enhance global competitiveness.
It was also encouraged by the government’s Automotive Development Programme and Automotive Investment Scheme.
The R500m injection would be at the Uitenhage plant for the Polo and Polo Vivo cars, and is expected to spark associated activity such as component manufacturing and distribution.
VWSA CEO David Powels said that, ultimately, local content would increase from 40% to more than 70% on Polo and Polo Vivo cars. Mr Davies said: “Producing local content and associated activity would be worth R4bn and has the potential to initially create 3500 jobs, with 20000 more in future.”
http://www.businessday.co.za/articles/Content.aspx?id=112160
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