The South African subsidiary of Volkswagen expects a record rise in its production this year, Thomas Schaefer, managing director of Volkswagen South Africa, indicated last Tuesday.
The automaker announced that it produced 126,463 cars in its South African subsidiary in 2018. For 2019, it is expected to produce 161,900 cars.
In a sluggish economic context, the auto sector (which is the leading branch of the country’s manufacturing sector) could be affected by a crisis that plunged South Africa into recession last year.
Volkswagen signed agreements with numerous African countries and is planning to increase the number of cars exported from the South African subsidiary. 108,000 of the 2019 production should thus be exported.
Let’s note that the auto sector represents 12% of the country’s industrial exports while only 40% of the makers’ production is aimed at meeting the South African market’s demand.
Moutiou Adjibi Nourou
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...
Sassou-N'Guesso sworn in for new five-year presidential term Won 94.8% vote; opposition contests election transparency Pledges reforms amid economic...
Nigerian airlines warn of flight suspensions over soaring jet fuel Kerosene prices jump nearly 300%, far above global increases Supply risks, high...
Dakar airport Q1 passengers rise 2.45% to 735,370 Traffic boosted by AFCON; January busiest month Flights fall 4%, freight up 21.4% Senegal’s...
Central African Republic plans fuel corridor via Congo’s Pointe-Noire Project aims to diversify supply beyond Douala route dependence Structural,...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...