Question

What are the main factors affecting south african industry's ability to remain competitive in a global scale?

Answer 1

Since the 1990’s South Africa has moved more toward foreign corporations contributing more economic output. South Africa is greatly impacted by globalization through its import-export trading. During apartheid, industrial firms were prevented by engaging with the global economy, meaning that manufacturers of the country’s economy were used to produce solely for the country’s domestic market. Globalization has enabled many manufacturers to open their markets further, however, it is due to the sheer number of foreign companies in SA that limit the country's ability to be competitive in the global market.