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Assessing and promoting civil and minority rights in South Africa.

[Source: Daily Maverick by Dean Macpherson.]

The climate for manufacturing in South Africa is dire. Huge structural changes are needed if we are to gear ourselves towards a future with manufacturing as key contributor towards growth.

Manufacturing is a key catalyst and multiplier for job creation, GDP growth and development in any country. In South Africa, manufacturing is in a deep crisis, with its contribution to the GDP falling from 18% in 1997 to 11% in 2017. The sector has seen a loss of 105,000 jobs in the latest quarter alone.

According to the World Bank, manufacturing is the highest job multiplier out of any sector. According to the Manufacturing Circle, it is R0.35 for the fiscus, three additional jobs and R1.13 for output. Thus, for every rand invested in manufacturing, fiscal revenue increases by R0.35 and for every R1 million invested, 3 jobs are created.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.4% y/y in April 2019 (CPI) & +6.5 y/y in April 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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