Description

South Africa is a democratic Republic with a stable political system. The economic environment is forecast to remain stable, with policy focus on employment creation through growth and stability. The manufacturing industry in South Africa is well established with strong development in the automotive, chemical, iron and food and beverages sectors. Internationally South Africa’s manufacturing competitiveness ranks relatively weak, due to structural bottlenecks and outdated machinery. The South African government has developed various investment and development schemes for the manufacturing industry and moderate growth is expected for the manufacturing industry from 2011 to 2014.