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PETER BRUCE | The folly of South Africa’s industrial hallucination | SA News

industrial policy.

It’s as if manufacturing were the beginning and end of all measures of economic success. The ANC has been banging the same drum since almost the moment it came to power in 1994. And just this week the president was at it again, whistling into the wind.

He told a breakfast gathering of the Steel and Engineering Industries Federation that South Africa “should aspire to become the engineering workshop of the African continent”.

“We should be exporting transformers to the continent. We should be exporting mining machinery. We should be exporting railway equipment. We should be exporting pumps and valves, fabricated steel and electrical equipment,” he said.

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