As South Africa responds to COVID-19 and aims to stimulate the economy and job creation post lockdown, an opportunity should not be missed to consider investing in new product markets which could increase the size and dynamism of the manufacturing sector. Such a package could contribute to arresting the trend of deindustrialisation and shift the trajectory of the industrial base into new, sustainable growth areas and value chains. This would result in new factories, new downstream demand for primary and intermediate inputs, new export products, increased foreign exchange earnings, and new direct and indirect long-term jobs.
Using the idea of “business unusual” TIPS economists put together a Post COVID-19 recovery programme that could provide the impetus to arrest the trend of deindustrialisation and herald the beginning of a new generation of industrial activity. The study comprises a main consolidated report and the seven initial projects that have been identified, including this one on Furfural and furfuryl alcohol plant (biochemicals). This project looks at the commercial scale production of furfural and furfural alcohol from sugarcane bagasse for the local foundry industry and broader export market.
Download a copy of read online Project six: Furfural and furfuryl alcohol plant (biochemicals)
Main report and other projects
Main consolidated report: Industrial development projects
Project one: Borehole drilling rigs
Project three: Polylactic acid (bioplastics)
Project four: Containerised short sea shipping service