Accounting for 7% of GDP, 30% of national manufacturing output and 11.1% of all manufacturing exports, South Africa’s automotive sector is often referenced as a case study for dynamic industrial policy. With leading global original equipment manufacturers (OEMs) including Toyota, BMW, Mercedes Benz, Volkswagen, Ford, Nissan and General Motors all operate sizeable production...
South Africa’s industrial policy has been underpinned by the Industrial Policy Action Plan (IPAP), which is launched each year by the Department of Trade and Industry (DTI) on a three-year rolling basis and covering a 10-year outlook. The latest iteration, which will cover the period from 2014 to 2017, will place greater emphasis on trade competitiveness by directing...
Manufacturing constitutes South Africa’s secondlargest economic sector and currently accounts for 15.2% of GDP, as well as being responsible for the creation of roughly 1.7m jobs. It also ranks among the top three sectors in terms of multiplier effect, producing R1.16 ($0.11) of value added for every R1 ($0.09) invested according to industry representative group the...
At first glance, South Africa’s retail sector is similar to that of many other countries in Africa, marked by a mixed system featuring elements of both traditional and modern retailing. The country’s emerging middle class is accelerating the pace of change, but the bulk of customers remain highly sensitive to price, and non-traditional distribution...
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