SA’S ECONOMIC CRISIS
Is Volkswagen South Africa (VWSA) really leaving the country?
Thomas Schäfer, the CEO of German behemoth Volkswagen Aktiengesellschaft (VWAG) Passenger Cars division, detonated shockwaves through the South African economy when he bluntly called on the South African government to get its act together, failing which his company would close the Kariega (Uitenhage) car plant and walk away.
If that happened, 3 500 jobs would be lost and the country would lose billions in export and tax revenues, the pundits warned.
Blood pressures were lowered when VWSA spokesperson Andile Dlamini assured the nation that the man from
