Displaying items by tag: Covid 19 recovery

The small and medium enterprise (SME) sector is critical for the South African economy and job creation – but it is highly vulnerable to external shocks. In responding to the COVID-19 crisis there is much to learn from the experience of the 2008 global financial crisis (GFC) and the impact that the credit contraction after the GFC had on the South African economy and the SME sector. This policy brief looks at the effect of the GFC, particularly the extent of credit contraction and its impact on small businesses and job creation; and makes some recommendations on how to avoid a repeat of the same the cycle.

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.

Download a copy or read online Main consolidated report

Seven projects

Project one: Borehole drilling rigs

Project two: Industrial hemp

Project three: Polylactic acid

Project four: Containerised short sea shipping service

Project five: Alternative fuel

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

Project seven: Motocycle components

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 Borehole drilling rigs. This project looks at the production of 100% local content borehole drilling rigs specifically engineered for small and medium enterprise drillers to service increased investment in groundwater access in South Africa and the African export market.

Download a copy or read online Project one: Borehole drilling rigs 

Main report and other projects

Main consolidated report: Industrial development projects

Project two: Industrial hemp

Project three: Polylactic acid (bioplastics)

Project four: Containerised short sea shipping service

Project five: Alternative fuel

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

Project seven: Motocycle components

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 Industrial hemp.This project looks at commercial scale cultivation and production of de-hulled (possibly organic) hemp seeds for human consumption for the export market.

Download a copy or read online Project two: Industrial hemp

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

Project five: Alternative fuel

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

Project seven: Motocycle components

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 Polylactic acid (bioplastics). This project looks at supporting the sugar industry through the domestic production of polylactic acid for export and downstream domestic value addition.

Download a copy or read online Project three: Polylactic acid (bioplastics)

Main report and other projects

Main consolidated report: Industrial development projects

Project one: Borehole drilling rigs

Project two: Industrial hemp

Project four: Containerised short sea shipping service

Project five: Alternative fuel

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

Project seven: Motocycle components

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 a Containerised short sea shipping service. This project looks at creating a short sea shipping service to increase containerise intra-regional trade between South Africa, Mozambique, Tanzania, Kenya and their hinterlands.

Download a copy or read online Project four: Containerised short sea shipping service

Main report and other projects

Main consolidated report: Industrial development projects

Project one: Borehole drilling rigs

Project two: Industrial hemp

Project three: Polylactic acid (bioplastics)

Project five: Alternative fuel

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

Project seven: Motocycle components

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 Alternative fuel. This project looks at establishing a co-processing facility at a cement plant as a means to catalyse a broader waste beneficiation industry in South Africa.

Download a copy or read online Project five: Alternative fuel

Main report and other projects

Main consolidated report: Industrial development projects

Project one: Borehole drilling rigs

Project two: Industrial hemp

Project three: Polylactic acid (bioplastics)

Project four: Containerised short sea shipping service

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

Project seven: Motocycle components

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 two: Industrial hemp

Project three: Polylactic acid (bioplastics)

Project four: Containerised short sea shipping service

Project five: Alternative fuel

Project seven: Motocycle components

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 Motocycle components. This project looks at the production of Class A motocycle components (only) for export to the African assembly and after-sales markets.

Download a copy or read online Project seven: Motocycle components

Main report and other projects

Main consolidated report: Industrial development projects

Project one: Borehole drilling rigs

Project two: Industrial hemp

Project three: Polylactic acid (bioplastics)

Project four: Containerised short sea shipping service

Project five: Alternative fuel

Project six: Furfural and furfuryl alcohol plant (biochemicals) 

TIPS FORUM SPEAKER AND MODERATOR BIOS

MEDIA RELEASES:

Dealing with the crisis before the crisis requires economic reconstruction

Rethinking industrialisation in response to COVID-19

Context for the conference

Economic recovery since the 2008/09 financial crisis, across countries and within economies, has been uneven. South Africa has experienced relatively stagnant GDP growth and uneven patterns of growth across and within its sectors, as well as high levels of inequality and unemployment, with the absorption rate well below that of other upper-middle-income countries. In addition, participation in the South African economy continues to be shaped by race, gender, class and geographical location. The impact of COVID-19 is likely to result in severe shifts in the global and domestic political economy and likely to deepen pre-existing structural constraints on growth in the medium to long term.   

The impact of COVID-19 on South Africa’s trading partners is likely to result in long-term subdued foreign demand for South African goods and services. Traditional pathways to industrialisation, i.e. the dynamics and processes of external and domestic linkages that facilitate structural change, are being challenged. In this context, debates related to the appropriate application of specific industrial policy tools which aim to facilitate transformative structural change, have resurfaced.

Assessing and addressing the impact of the pandemic on African economies and societies is necessary to inform and tailor the appropriate responses of African governments to facilitate economic recovery, while expanding access for the most vulnerable groups in society to participate in the economy.

African governments have implemented stimulus packages, containment measures and other necessary restrictions to limit the spread of the virus and to sustain and balance the economy. The implementation of public policy measures, in response to the pandemic, has triggered questions about the systemic resilience of global and domestic value chains, as well as renewed interest in advocating for the diversification and localisation of production and shorter supply chains in certain sectors that can adapt in times of crisis.

The recovery will require mobilising efforts between public, private, national and regional leaders across a number of key areas. The 2021 Forum will explore these issues and bring together academics, policymakers and practitioners involved in the various aspects of regional industrial development. The aim is to deepen the understanding of a cross-section of issues, and the related opportunities and challenges.