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
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
Non-bank institutional investors, though still a minority, are increasing their presence in the West...
What seemed like a routine administrative matter has drawn Madagascar into an international controve...
As digital transformation accelerates across Africa, so too do concerns about the rising tide of cyb...
Solarcentury has launched the first 25 MW phase of the Mailo solar project. Electricity is now sold on the Southern African Power Pool without a...
A new bilateral commission will oversee energy, education, and security projects. The initiative follows President Traoré’s visit to Russia in May...
The government of Côte d’Ivoire will allocate CFA25.3 billion (about $44 million) to support its cotton sector in the 2025/2026 season, Agriculture...
NDPHC aims to commercialize 200 MW from idle plants, pending regulator approval. Nigeria generates only 4,000-6,000 MW despite 14,000 MW...
Christopher Nolan faces criticism for shooting scenes of The Odyssey in Dakhla, Western Sahara. FiSahara and pro-Sahrawi voices accuse the...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...