Original Research

Incentives for the manufacturing sector: what South Africa can learn from Malaysia and Singapore

Lenatha Wentzel, Kerry De Hart
Journal of Economic and Financial Sciences | Vol 8, No 1 | a86 | DOI: https://doi.org/10.4102/jef.v8i1.86 | © 2015 Lenatha Wentzel, Kerry De Hart | This work is licensed under CC Attribution 4.0
Submitted: 21 December 2017 | Published: 30 April 2015

About the author(s)

Lenatha Wentzel, University of South Africa, South Africa
Kerry De Hart, University of South Africa, South Africa

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Abstract

The expansion of the manufacturing sector is one of the South African government’s focus areas for economic growth and employment creation. The research on which this article is based identified additional incentives, applicable to the manufacturing sector, which the South African government could introduce to encourage investors to choose the South African manufacturing sector as a desired investment destination. The incentives provided to manufacturing companies by the governments of Malaysia and Singapore and those provided by the South African government are compared in order to examine the similarities and differences between these incentives. In the light of these findings, recommendations are made for additional incentives in South Africa to promote investment in South African manufacturing companies and reduce some of the barriers that prevent local and foreign investment in the country.

Keywords

investment incentives; incentives; investment; promote investment; economic growth; manufacturing sector

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