A one-size-fits-all localisation policy that requires firms to substitute 20% of imports with locally made goods within five years is unrealistic because the right conditions do not exist in most sectors, Intellidex finds in a report produced for Business Unity South Africa and Business Leadership South Africa. The report is adding to the debate on localisation policy, with trade, industry & competition minister Ebrahim Patel on a mission to spur SA’s re-industrialisation armed with a new localisation policy requiring that firms substitute 20% of imports with locally manufactured goods within five years.

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