• Localisation will not solve SA’s economic challenges, but will deepen them.
  • The benefits of localisation policies are concentrated among a few firms, but the costs are borne by many – consumers, down-stream users and tax-payers.
  • Because exporting relies on imported components and intermediate goods, localisation policies make it harder to succeed in export markets.
  • Industry masterplans exhibit many of the same problems as localisation policy.
Full Report
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Executive Summary
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