New IPAP critical to future of the Automotive Industry in South Africa

There are some tough questions that need to be answered for the 10th iteration of IPAP. Industrial policy has the over-arching objective of enhancing the productive capabilities of the economy. In other words, industrial policy aims to increase the economy’s ability to produce more and more complex and high value-added products with greater efficiency. In simple terms, this means to produce more value using less resources. Building the economy’s industrial capabilities is a continuous and long-term endeavour and technologies continuously evolve.

How will South Africa become competitive lest we look internally within our own borders to find a solution? We need localisation in order to improve our productivity, reduce unemployment and improve the GDP!