News
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LOCALISATION: What is Realistic?
Localisation has been highlighted by the government as a key policy aim during the recovery of the economy from the Covid-19 crisis. Organised business in Nedlac has been asked to substitute 20% of non-petroleum goods imports for domestically produced goods as soon as possible. This study assesses whether such a target is realistic through three parts. First, a literature review was conducted, placing such a policy aim within the context of South Africa's own history of industrial policy and with evidence from other countries. Second, a quantitative study looks at how the import, manufacturing, and capacity data can give us insights on such a target and whether it is possible to reach it. Third, 125 firms were surveyed across sectors to understand views on localisation and how fast they believe they can localise, what the constraints are, and a range of related matters. -
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ANNUAL DIGEST 2020 SA-EU trade under the SADC-EU EPA
This second annual digest reflects on the trade partnership between South Africa and the European Union (EU) largely within the context of the Coronavirus 2019 (COVID-19) pandemic. During the 2020 year, the global economy experienced a record-level contraction, with South Africa’s economy shrinking by a historic 7% in 2020. However, despite this record decline in economic activity, South Africa’s nominal trade with both the EU and the rest of the world has shown remarkable resilience. The SADC-EU Economic Partnership Agreement (EPA) has continued to support bilateral trade between South Africa and the EU.