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South Africa’s Manufacturing Sector: Driving Growth Through Key Industries
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South Africa’s Manufacturing Sector: Driving Growth Through Key Industries
South Africa’s manufacturing sector remains a cornerstone of the nation’s economic growth and industrialisation ambitions, contributing approximately 13 % to GDP and employing over 1.6 million people. Despite challenges such as logistics constraints and energy disruptions, the sector demonstrates resilience and adaptability, underpinned by strategic government support, technology adoption, and growing regional and global demand. As the […]
Photo: Larger Companies in the Manufacturing Sector Although it reported more companies (292) than in the last edition (277), the operating revenues of the manufacturing sector decreased to $273.8 billion, with reported profits of $10.7 billion, less than 2023. The Cartagena refinery, Reficar, remained leader of the top 10 with $25.9 billion, only to report double-digit revenues in that sector, although it also had a reduction. Bavaria rose to $…
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