SA’s new industrial strategy maps path to halt deindustrialisation
The South African government has released a revised industrial development strategy aimed at reversing de-industrialization by improving energy, logistics, and infrastructure. The plan emphasizes a coordinated, whole-of-government approach to boost GDP growth and manufacturing competitiveness.
Why it matters
Effective industrial policy is critical for South Africa to address high unemployment and stagnant economic growth.
South Africa must urgently secure an affordable and reliable energy supply, particularly electricity, and address bottlenecks in its ports, rail and telecommunications networks to halt the economy’s de-industrialisation, the government concedes in a new strategy document.
The report balances government goals with critical perspectives from industry observers.
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