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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Frankfurt - Europe's biggest automaker Volkswagen said on Thursday it would expand its
South African operations with investments in a plant in Uitenhage and a
distribution centre near Pretoria.
VW said it would invest about
€70m (R650m)
on top of around €500m already ploughed into South Africa over the past
four years as part of its goal to become the world's biggest carmaker.
"The Uitenhage plant plays an important role in this context," a
statement quoted VW chairperson Martin Winterkorn as saying.
Production at the plant is expected to double this year as its press shop is
modernised and expanded with €50m in investment.
Another €23m is expected to be spent on a new distribution
centre in Centurion, near Pretoria, the statement said.
"Volkswagen is the market leader on South Afric's passenger car
market. Our existing investment, coupled with the new measures, lays the
foundation for staying on our growth path," Winterkorn said.
VW hopes to overtake Toyota as the world's leading carmaker by 2018.
- Sapa