Better procurement strategy can expand South Africa's industrial base

With smarter localisation, clearer procurement rules and a more deliberate industrial strategy, public spending could again become a powerful engine for rebuilding factories, expand supply chains and restore confidence in South Africa as a manufacturing country, public and private professionals say. Localisation is not about closing the economy, but about using the State’s buying power to build a stronger, more competitive manufacturing base that can serve domestic and export markets, says electromechanical equipment manufacturer ACTOM Group CEO Mervyn Naidoo.

Raccontata daengineeringnews.co.za