Research on the performance of the manufacturing sector
SECTION 3: THE MANUFACTURING SECTOR
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SECTION 3: THE MANUFACTURING SECTORBackground trends to the SA manufacturing sectorManufacturing is a process involving tools and labour to produce goods for use or sale as intermediaries, or as final products, either domestically or internationally. The term refers to a range of human activity (labour, entrepreneurship and innovation), combined with tools or capital equipment in a production process in which raw or intermediate products are used to produce final (or intermediate) goods. According to Statistics SA (StatsSA) the standard industrial classification (SIC) system classifies manufacturing activities under the major division 3 that starts with the manufacturing of food products, beverages and tobacco (301, 302, 303, 304 and 305) and ends with the manufacturing of furniture and N.E.C (that includes categories like jewellery, musical instruments, sport goods, other manufacturing like crayons, chalk, pens and pencils and recycling) (sub codes 391 and 392). The SA manufacturing sector experienced a severe contraction during the international financial crisis. The manufacturing sector, according to data from Statistics South Africa, contracted with 10.4% in 2009, losing almost R31 billion in GDP contributions (measured in 2005 constant prices, or 3% and R10.3 billion at current prices). The manufacturing sector also lost more than 200 000 job opportunities during the crisis (including formally and informally opportunities). The manufacturing sector increased from R180 053 million in 1993 (at constant 2005 prices) to R282 215 million in 2010, but its contribution to GDP decreased from 19% to 17% during this period. Figure 4 and Figure 5 show the manufacturing sectors as a percentage of the total industries at basic prices and show how the tertiary sectors, including finance, real estate and business services, transport storage and communication and finance, real estate and business services increased as a percentage of GDP. Although this movement from primary and secondary to the tertiary sectors is part of economic evolution as shown by, amongst others Rostow, the manufacturing sector remains a very prominent and valuable industry and can contribute immensely to economic growth, job creation and export earnings. This is also recognised in numerous economic and industry growth strategies. Figure 4: SA sector contribution to GDP in 2010, with a focus on the manufacturing sector 
Source: Stats SA Directory: Publications -> Publications Publications -> Preparation of Papers for ieee transactions on medical imaging Publications -> Adjih, C., Georgiadis, L., Jacquet, P., & Szpankowski, W. (2006). Multicast tree structure and the power law Publications -> Swiss Federal Institute of Technology (eth) Zurich Computer Engineering and Networks Laboratory Publications -> Quantitative skills Publications -> Multi-core cpu and gpu implementation of Discrete Periodic Radon Transform and Its Inverse Publications -> List of Publications Department of Mechanical Engineering ucek, jntu kakinada Publications -> 1. 2 Authority 1 3 Planning Area 1 Publications -> Sa michelson, 2011: Impact of Sea-Spray on the Atmospheric Surface Layer. Bound. Layer Meteor., 140 ( 3 ), 361-381, doi: 10. 1007/s10546-011-9617-1, issn: Jun-14, ids: 807TW, sep 2011 Bao, jw, cw fairall, sa michelson Publications -> Rare detections of North Pacific right whales in the Gulf of Alaska, with observations of their potential prey Download 3.84 Mb. Share with your friends:
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