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SSouth Africa has developed an established and diversified manufacturing sector that has proven to be resilient and competitive in the global economy.
Until the 1920s, mining and agriculture were the predominant drivers of the South African economy. As the mining industry grew, so did the demand for foods and textiles. As a result, the government at the time began to provide cheap electricity and steel for industrial use. Therefore, South Africa’s manufacturing sector started to boom as a huge number of state-owned businesses flourished.
Manufacturing is among the top three multiplier sectors in terms of value addition, job creation, export earnings and revenue generation for every R1 invested, according to Deloitte’s 2013 report, “Enhancing manufacturing competitiveness in South Africa”.
With world-class infrastructure, exciting innovation, research and development capabilities, and an established manufacturing base, South Africa is actively involved in the development and roll-out of new green technologies and industries, creating new and sustainable jobs in the process as well as reducing environmental impact.
This innovation, creativity and drive in South Africa’s manufacturing sector is born of its people and the country that surrounds them. With a thriving sector ready to do business and endless inspiration to be found around every corner, South Africa is a welcoming destination for any business event within the manufacturing space. There is truly no better place to meet and grow, than in South Africa.
THE MANUFACTURING SECTOR IN SOUTH AFRICA IS DOMINATED BY THE FOLLOWING INDUSTRIES:
- ICT and electronics
- Textiles, clothing and footwear