We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Stuart Theobald’s On the Money column highlights how the increase in the cost of electricity appears to have reduced the number of operating foundries from 265 in 2007 to 165 in 2016 (While Eskom’s headcount gets ever more bloated, jobs are lost in the industrial sector, June 18). The cost of electricity is just one of the factors in the reduction of foundry numbers. Historically, foundries supplied machine parts to the manufacturers of mining equipment. The mining industry has been in decline for years, therefore for the foundries to survive, new manufacturers of industrial machines need to be found and new markets that utilise industrial machinery need to be developed. SA does not appreciate the rarity of the skills required to start a manufacturing enterprise. The education system is not geared to producing technically competent entrepreneurs who are prepared to get their hands dirty. Uncertainty over mining (and other) policy, militant trade unions, load shedding, crime and poor...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now