Cyril’s industrial reboot will not drive economy to success

president Cyril Ramaphosa

President Cyril Ramaphosa’s State of the Nation address revealed a new direction in economic policy: “import substitution industrialisation”: producing goods locally where possible. The approach was most effective from 1933-1945, during South Africa’s first modern manufacturing boom. The era featured an average 8% annual gross domestic product growth, more economic balance, and even improved racial equity in wages.  The need … Read More

The fable of SA’s special economic zones

The Brazil, Russia, India, China and South Africa (Brics) bloc met late last year in Brasilia, just more than a year after the Forum on China-Africa Co-operation summit in Beijing. These two bodies are seeking to generate a new Global South-South development policy narrative, even though Brics host — Brazilian President Jair Bolsonaro — mimics United States President Donald Trump’s … Read More

A look at China’s big plans for Limpopo and why locals should be concerned

China is set to construct a massive industrial zone in Limpopo over the next five years China and South Africa have entered into a large-scale industrial agreement which will take root in Limpopo over the next five years. Much has been written about South Africa’s power pandemic, which currently sits uneasily at the crossroads of sustainable production and ethical liability. … Read More