The growth of the capital equipment sector, and the manufacturing sector in general, is being stifled by South Africa’s heavy reliance on imports, and its inability to deliver on its localisation promises. The manufacturing sector has the potential to significantly accelerate South Africa’s economic growth and development, however, unnecessary imports, upwards of $88-billion for goods which are – or can be – supplied by local manufacturers, is costing South Africa innumerable jobs and much-needed economic momentum.
