As engine of the economy industry needs a boost from Mboweni’s incentives budget
The vital manufacturing sector could do with heaps more carrots and far fewer sticks
16 February 2021 - 15:32
It would be hard to imagine an economic tsunami more damaging to industry than the Covid-19 crisis. Lockdown after lockdown has dampened demand, made production a logistical nightmare and severely affected many of the export markets that are vital to our manufacturers.
There is endless talk of more taxes, but this vital manufacturing sector, the engine of our economy, needs heaps of carrots, not more sticks. Many firms, particularly small businesses, have not survived the Covid-19 crisis, too many others are on life-support and the rest need the right environment in which to rebuild...
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