Investment in revitalising manufacturing could boost overall growth
Appropriate policy and political will should jolt the moribund sector and have a ripple effect across the economy
An uptick in investment into SA’s manufacturing subsectors would have a multiplier effect on overall economic growth, bolstering GDP and increasing fiscal revenue.
This is according to economist Dr Iraj Abedian, who said targeted investment into SA’s agro-processing, meat, sugar, furniture, automotive, steel and pharmaceuticals sectors would have a positive overall effect on economic growth...
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