The Industrial Policy Action Plan (IPAP) of South Africa

Featured Article 2018-10-26 04:45
From the 2008 financial crisis, DTI issues an IPAP each year to draw lessons from the past, plan for the future and evaluate accomplishments by summarizing the year’s economic development and situations home and abroad, so as to realize the vision of building a more prosperous and equal South Africa without race and gender discrimination. In 2017, South Africa issued its 9th IPAP.

Guidelines and themes of IPAP 2017/18-2019/20

- Expand domestic demand and promote exports;

- Build a standard, comprehensive and positive investment framework to increase inflow of production capital;

- Develop diversified economic and manufacturing structures and lower entry barriers of key economic areas;

- Promote energy saving and emission reduction as well as industrial upgrading, and improve competitiveness of domestic manufacturing industry;

- Streamline administration, and promote coordination of all departments and institutions to ensure consistency of plans. State-owned enterprises must perform localization obligations.

Apart from items mentioned in 2016 IPAP, the South African Government will closely follow the key themes below:

- Contain illegal and unqualified imports;

- Establish an industrial finance and incentive system, support premium investments in key production areas, and further improve South Africa's industrial strength;

- Enhance inter-sector cooperation, improve technology transfer, promote commercialization of independent R&D of key sectors, and enhance South Africa's technological competitiveness.

- Support policies and transformation of the current Broad-Based Black Economic Empowerment (BB-BEE). Support emerging industrialists and main providers based on initiatives such as “Black Entrepreneurs Program”.