Igniting Economic Growth Through Strategic Localisation

In the South African context, localisation is often seen primarily as a state-driven policy tool. The history of South Africa’s state-owned entities (SOEs) is closely linked to the broader economic development and socio-political landscape of the country. The Government’s stated goal is to use localisation policies to develop local industrial capacity, increase employment, and enhance competitiveness across various sectors of the economy.

SOEs have played a pivotal role in shaping South Africa’s economy, from their establishment during the pre-democratic era to their continued influence in the present day. Their impact in the provision of public goods and as crucial anchors for domestic demand, particularly within the metals and engineering sector, cannot be overstated. By driving localisation, SOEs contribute significantly to strengthening South Africa’s economic foundation and fostering long-term growth.

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