A new World Bank report argues that South Africa can raise growth and employment by pursuing four priorities aimed primarily at stimulating market competition and bolstering the efficiency of public institutions and spending. Titled ‘Driving Inclusive Growth in South Africa’, the first priority listed in the report is for the country to improve the efficiency of public spending, while leveraging private resources to enhance economic growth and job creation.
The growth of renewable power in South Africa’s energy mix, and infrastructure development programmes, such as the State-owned Eskom Transmission Development Plan (TDP) 2024 to 2034, will help to provide demand for steel components from the country’s industries, several steel industry experts say. In the study titled Price Benchmarking on Steel Towers in South Africa, published in September, local industrial ecosystem development organisation the Localisation Support Fund (LSF) showed that locally produced steel can be competitive with imports from China and Türkiye, but requires stable and predictable demand, says LSF CEO Irshaad Kathrada.
With its roots in Europe, which is leading the Fourth Industrial Revolution, drive technology and automation specialist SEW-EURODRIVE has the necessary experience to meet the growing demand for automation and digitalisation solutions from sub-Saharan Africa’s (SSA’s) printing and packaging industries. “There’s currently a significantly high demand and we’ve seen a good positive move over the past few years, especially with our new MOVI-C modular automation system. Demand for automation and digitalisation is considerable now and because our research and development (R&D) department is in Germany, we are well-prepared to meet the local demand,” says SEW-EURODRIVE electronics business development manager Willem Strydom.
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