Manufacturing organisations call for clarity on treasury’s comments on manufacturing, employment

Industry bodies the Steel and Engineering Industries Federation of Southern Africa (Seifsa), the Manufacturing Circle and the Powerline and Substation Association (Polasa) have noted, with concern, recent public comments attributed to the director-general of the National Treasury suggesting that manufacturing is unlikely to be the primary source of future employment growth in South Africa. “While we acknowledge that the structure of modern economies is evolving and that sectors such as services, tourism and construction have an important role to play in driving economic growth and employment, this comment nevertheless raises important questions regarding the coherence and consistency of South Africa's economic policy direction,” the parties express.

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