Policy madness: SA’s industrialisation policies have slowed economic growth

Albert Einstein once famously said, ‘Insanity is doing the same thing over and over again and expecting different results.’ Does this relate to South Africa’s localisation policies? As government doubles down and more “aggressively” pursues localisation policy, the Small Business Institute (SBI) and researchers SBP (Small Business Project), funded by Exxaro, looked at the data to see how well South Africa has been served by the localisation policies during the three planning “eras” of Gear, AsgiSA and the NDP. Have we effectively seen the same results over and over again,…

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