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Trade, industry & competition minister Ebrahim Patel is on a mission to spur SA’s re-industrialisation armed with a new localisation policy that requires firms to substitute 20% of imports with locally made goods within five years.

Business, clutching at any straw that could haul them out of the Covid swamp, has embraced the policy enthusiastically on the basis that it could stimulate domestic demand by R200bn annually...

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