INDUSTRIAL DEVELOPMENT: REVISED STRATEGY FINALLY PUBLISHED

INDUSTRIAL DEVELOPMENT: REVISED STRATEGY FINALLY PUBLISHED

• 08 June 2026
• Trade, Industry & Competition
• SA Legal Academy

The Department of Trade, Industry & Competition (DTIC) finally published government’s revised industrial development strategy more than three days after its approval was announced in a Cabinet statement referring stakeholders to the DTIC website.

According to an accompanying notice, it is the department’s ‘strategic response’ to a ‘rapidly changing global and domestic economic environment’ – driven by ‘rising geopolitical tensions, (the) reconfiguration of supply chains, climate change challenges, and … digitalisation’ imperatives.

Seeking to turn around ‘dwindling investments in the economy’s productive sectors’, the revised strategy also tackles ‘structural transformation and transition’, as well as ‘backlogs in infrastructure’ development.

A 4 June 2026 Cabinet media statement confirming the strategy’s approval notes, among other things, that it:

• is underpinned government’s ongoing commitment to transformation through:
  • decarbonisation
  • digitalisation, and
  • diversification
• ‘focuses on high-impact, inclusive industrialisation’
• ‘prioritises sectors critical to industrialisation, including the protection of strategic industries’, regarding which the statement lists:
  • steel
  • automotive production
  • manufacturing, and
  • mining
• ‘promotes expansion in future growth areas’, including:
  • agro-processing
  • the digital economy, and
  • the green economy, and
• ‘targets sectors with strong potential for economic growth and job creation, especially for young people’, including:
  • tourism, and
  • global business services.

‘Expected to create thousands of jobs each year – with a strong focus on skills development and preparing unemployed people for high-demand sectors such as renewable energy and manufacturing’ – the strategy’s implementation will be overseen by a ministerial committee chaired by the President. This with the aim of ‘ensur(ing) co-ordinated delivery and impact’.

• revised strategy
• Cabinet media statement
• departmental statement

Published by SA Legal Academy Policy Watch

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