- South Africa’s industrial policy has been in place for over a decade. It has consistently failed to realise its objectives. Moreover, South African manufacturing has performed poorly as compared with countries at a similar stage of development.
- The paper examines the major instrument of South Africa’s industrial policy, namely investment subsidies, and the three major priority sectors, autos and components, clothing and textiles and mineral beneficiation.
- Since industrial policy has not met its objectives and performance is comparatively poor, alternative policies need to be considered. The paper outlines some new potential directions for industrial policy.
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