Localisation isn’t a silver bullet for SA’s woes, says report
Paper by the Centre for Development and Enterprise argues that government’s localisation drive will raise costs and reduce SA’s competitiveness
16 November 2021 - 17:57
The government’s localisation drive — an important component of President Cyril Ramaphosa’s economic reconstruction and recovery plan — could raise costs, reduce SA’s competitiveness and strangle domestic competition according to a report from the Centre for Development and Enterprise.
The report, released on Tuesday comes as localisation efforts were given a short in the arm in October, when the National Treasury issued a circular banning the use of imported cement on all government projects...
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