Story thread · 2 reports / 1 sources

President welcomes R4bn Volkswagen investment in Eastern Cape

sanews.gov.za · 14dShare

President welcomes R4bn Volkswagen investment in Eastern Cape President Cyril Ramaphosa has welcomed Volkswagen Group Africa’s R4 billion investment linked to the introduction of the new Volkswagen Tengo, describing it as a vote of confidence in South Africa’s manufacturing capabilities, workers and investment environment. President Ramaphosa was speaking at Volkswagen Group Africa’s 75th anniversary celebration at the company’s Kariega plant in the Eastern Cape on Monday evening. The investment will support the introduction of the Tengo, which will become the third model manufactured at the Kariega plant, alongside the Polo and Polo Vivo. “We are greatly encouraged by Volkswagen's continued investment in our country. We particularly welcome the R4 billion investment associated with the introduction of the new Volkswagen Tengo. “It is a vote of confidence in our workers. It is a vote of confidence in our manufacturing capability. And it is a vote of confidence in South Africa as an inv

First report: President Ramaphosa to address Volkswagen Group Africa 75th anniversary dinner — sanews.gov.za, 15d