Growth of South Africa's manufacturing sector must be accelerated, says consultancy
He cited the country’s automotive sector as an example of where steps were being taken to further expand the sector. He mentioned that the Department of Trade, Industry and Competition, along with other stakeholders, was pursuing the development of an original equipment manufacturer fund, encompassing transformation, localisation and artisanal training.
This would be used to develop tier two and three component manufacturers, inclusive of investment for new ownership, value chain development and skills development.
Meanwhile, CSIR manufacturing ambassador Dr Martin Sanne spoke about the Fourth Industrial Revolution’s role in the manufacturing sector.
He noted that it was here to stay and that digital enterprise and smart manufacturing were not going away; therefore, the question was rather how this should be implemented.
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