PETER BRUCE: Raise the drawbridge and local won’t be so lekker
The ANC government is making all the wrong moves while trade is ballooning across our moats
18 August 2021 - 18:09
Last Friday Ebrahim Patel, the minister of trade, industry and competition, gazetted proposals to allow local companies to collude in the interests of the “localisation” strategy he is following to re-industrialise SA. Good heavens!
In doing so, Patel, the Great Cartel Slayer of the 2010 World Cup construction firms, tacitly concedes that collusion may have positive outcomes. Economic historians like Glasgow University’s Jeffrey Fear could have told him that a long time ago...
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.