Tag: local production

South Africa’s Minister of Finance, Mr. Enoch Godongwana, delivered his maiden National Budget Speech to the National Assembly on Wednesday, 23 February 2022. A crucial function of the Budget Speech is to provide details of spending and make proposals about how the priorities outlined in the President’s State of the Nation Address will be funded.

Many people re-discovered their enthusiasm for local production during the disruptive, bewildering early days of the pandemic. The result is 'localisation', an emerging global trend that could revitalise local factories. If we respond quickly and wisely, there are three obvious benefits: economic resilience, more balanced trade, and greater fixed investment.

The commercial real estate industry has welcomed a positive upturn since level 3 of lockdown. One particular sector that is making waves and has seen a noticeable spike in activity over this period is undoubtedly industrial real estate. This uptake can be attributed to the both the stringent hygiene measures now required in the workplace and the changing nature of retail.