CLAIRE BISSEKER: Ebrahim Patel shoots first then takes aim with localisation policy
It is sadly typical of the government to announce a new policy goal without first doing its homework
24 May 2021 - 14:44
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.