Localisation — including the requirement that firms substitute 20% of imports with locally made goods within five years — has been adopted as a central cog in the government’s efforts to spur an economic recovery.

The plan, which is being driven by department of trade, industry & competition (DTIC) minister Ebrahim Patel, has been embraced enthusiastically by business on the basis that it could stimulate domestic demand by R200bn a year...

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