The SA industrial landscape has been challenging in recent years. Companies have had to cope with a shrinking domestic market, declining production, low capacity utilisation levels, weak production sales, a declining contribution to the overall economy, declining employment numbers, increasing real per capital income negatively affecting the cost base, increasing levels of imports, a weak global trade balance position, low investment levels and low product price increases in relation to input prices.

Such as other emerging economies SA has incentives aimed at supporting local manufacturing, but the industry continues to be eroded, with its share to GDP now down to about 12%. By contrast, other emerging economies have increased their manufacturing share of production to as much as 50%...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.