AB Volvo reportedly plans to invest 48 million rand ($7.2 million) to build a new plant in South Africa. The move will allow the heavy-truck maker to close its Botswana facility in an effort to save on shipping costs and shave delivery times, Reuters reports. Volvo currently assembles 1,000 kits annually in Botswana and sends most of them to South Africa, which is the continent’s healthiest economy. Volvo leaves Botswana following five years of operation. Some 82 jobs will be shed. ...
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