We need to rethink our economic strategy

Speaking to Radio Islam’s Sulaimaan Ravat, CDE’s research director Stefan Schirmer shared insights on South Africa’s localisation policy. He said, “This attempt to protect local business against foreign competition and to force the purchase of locally produced goods, even if they are more expensive, is a bad idea and we need to get rid of it.”

This interview was based CDE’s new report “The Seven Sins of Localisation: Can South Africa afford this costly policy?

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