Local content rules may harm investment

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Some international investors and companies have raised concerns about the design and implementation of South Africa’s local content regulations. Picture: iStock
Some international investors and companies have raised concerns about the design and implementation of South Africa’s local content regulations. Picture: iStock

BUSINESS

In his address to the joint sitting of Parliament, Ramaphosa said the national economic reconstruction and recovery plan was centred on promoting localisation and industrialisation, and would prioritise a range of consumer and industrial products for local procurement.

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