Automotive assembly in South Africa is currently almost entirely dependent on continued foreign direct investment by just six multinational firms, writes Tumelo Chipfupa.
The political settlement forged around South Africa’s transition from apartheid to democracy created the conditions for a corporate restructuring of the economy characterized by high profitability, despite low investments. This has involved power entrenchment in large incumbent businesses groups and coalitions of rentieristic interests, which have undermined effective industrial policy implementation and the development of inclusive growth-oriented coalitions. Persistent high unemployment and inequality have fuelled dissatisfaction and contestation over the core objectives of a more developmental state. Industrial policies have also been undermined by the fragmentation of the state. Introduction[1]
R3 75 billion package unpacked to restore businesses hit by unrest devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The Department of Trade, Industry and Competition (DTIC) has budgeted a R3.75-billion package for the restoration of businesses affected during the looting and unrest that took place in KwaZulu-Natal and Gauteng in July