Shaping a sustainable future for manufacturing

South Africa’s manufacturing sector has been at the heart of our economy for decades, creating jobs, supporting communities, and driving growth. But today, the landscape has shifted.
Rising costs, inconsistent infrastructure, and the demand for greener practices have pushed manufacturers to adapt.
Yet, the sector’s response is inspirational. Manufacturers are taking on these challenges with a sharp focus on what’s within their control.
In an economy that is growing just 1% or 2%, the pressure is real.
Many in the sector are responding by doubling down on their strengths and making improvements where possible.
Although recent StatsSA reports show a loss of around 12 000 jobs, the manufacturing sector remains resilient.
By streamlining supply chains, upgrading production lines, and finding new ways to improve operations, they are preparing for the future with purpose.
New technologies are a big part of this. Automation, data-driven processes, and more intelligent production aren’t just functional, they’re essential to staying efficient and competitive.
Investing in these areas takes planning, and that’s where Nedbank Commercial Banking can support you.
With tailored financial solutions and industry insights, Nedbank is here to help you make the right moves, grounded in an understanding of what manufacturers need.
Then there’s sustainability. Across the sector, companies are investing in renewable energy, conserving water, and cutting down logistics costs.
These steps aren’t only about reducing environmental impact but also about creating more reliable, long-term resources for production.
Nedbank’s team is ready to give guidance on making these green shifts in ways that strengthen businesses for the future.
The South African government is backing local industries, especially in clothing and textiles, by adjusting customs duties and value-added tax (VAT) regulations.
In September 2024, the South African Revenue Service (SARS) raised customs duties on imports from online retailers.
Where low-value imports previously faced a flat 20% duty without VAT, they now incur higher duties plus a 15% VAT, aligning them with local retail rates.
This shift levels the playing field, giving domestic manufacturers fairer footing and reinforcing the entire value chain.
These targeted policies are part of a broader commitment under the National Industrial Policy Framework, aimed at building a diversified and competitive economy.
Together, these steps highlight what’s possible when government and industry work hand-in-hand to create a thriving manufacturing sector.
Manufacturers are also finding success in diversification. By expanding product lines and exploring new markets, companies are building resilience for whatever comes next.
This adaptability is setting them up for success in a constantly changing world.
Nedbank Commercial Banking is more than a financier; we’re a partner who is invested in your success.
Through market insights, strategic support, and financing solutions tailored to the manufacturing industry, Nedbank is ready to help you meet challenges and take on new opportunities.
Think bigger. Think Nedbank Commercial Banking.
For more information on Nedbank’s Manufacturing solutions, click here.