This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.BusinessDay reports that research by the Public Investment Corporation (PIC) in partnership with Oxford University indicates that SA can create 250,000 jobs in the next five years and R100bn in economic uplift if it doubles down on re-industrialisation efforts.
The study puts agro-processing, mining beneficiation and the motor sector at the heart of SA’s industrialisation. “SA’s industrialisation is not speculative – it is an execution challenge with clear upside. Institutional investors have the opportunity to achieve sustainable financial returns while driving transformative economic and social impact. By aligning priorities, deploying innovative financing structures and leveraging existing reforms, SA can transition from incremental progress to sustained industrial growth,” the research paper indicates. SA has seen a rapid de-industrialisation in recent decades, with the industrial sector’s contribution to GDP falling from 28% in 1993 to 18% last year.
The study presents an actionable roadmap for investors looking to scale investment in SA’s industrial sector. It says authorities should put on the table predictable incentives, reliable power, efficient logistics and blended finance vehicles to unlock investments. It also says beneficiation of minerals such as manganese, chrome and platinum can reduce earnings volatility and align with global demand for green products. “For investors, the implication is clear: the gap between current and potential output is vast, and closing even part of it represents a multitrillion-rand opportunity with measurable employment and supply-chain impact,” the report states.
- Read the full original of the report in the above regard by Kabelo Khumalo at BusinessDay (subscriber access only)
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