Industrial metals continue momentum as investors cheer another better-than-expected inflation report in the US
The unskilled workforce in particular will be affected by the steps the country will be compelled to take
Some of the employees of the arms manufacturer have not been paid for more than two years
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
The Walt Disney business bets on ad-free viewing as it hikes premiums
Stats SA says ongoing power cuts limited recovery in the sector and reduced production volumes
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Producer price index fell 0.5% in July from a month earlier, largely reflecting a drop in energy costs
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
The Italian SUV outguns the Bentley Bentayga's record
The benefits of manufacturing to economic development, job creation and prosperity are widely accepted. In SA, manufacturing is a driver of tertiary education, contributes 12% of total jobs and provides the base load and scale for key infrastructure utilities such as electricity, rail and municipalities.
Manufacturing possesses important multiplier effects in terms of value addition to the economy, job creation, export earnings and tax revenue generation. It helps to develop world-class mining equipment and capabilities, it processes SA’s natural resources and drives innovation.
But its positive contribution is under threat and declining. Despite SA’s current trade surplus, our manufacturing sector is experiencing a trade deficit. Since 2002 manufacturing imports have exceeded manufacturing exports, and manufacturing as a percentage contribution to GDP declined from 24% in 1980 to just under 13% in 2016, with increased competition from imports as one of the driving factors as import...
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