South Africa’s Department of Trade, Industry and Competition (DTIC) released its long-awaited update to the country’s Industrial Development Strategy (IDS) on 8 June. The document’s deliberate goal is the reindustrialising of the South African economy. But it has elicited criticism from almost all quarters and has generated very little enthusiasm. The chair of the relevant parliamentary committee suggested that, in the absence of a clear funding strategy, the IDS ‘will fail dismally‘. Read More