The trajectory of South Africa’s industrial development has centered on the mining, metals and energy value chains, which has historically been characterised by very strong intra-sectoral relationships. The mining and basic metals industries were beneficiaries of favourable electricity tariffs, investment and logistics support aimed at promoting its competitiveness.
Challenges of industrial policy for middle income economies: new thinking and comparative insights for South Africa
Over the past two decades the global industrial landscape has been reshaped by profound structural and technological transformations. The rise of new industrial powers, China in particular, has led to the restructuring of global production systems and the reorganisation of production cycles, as well as changes in global trade patterns.