For more information on Nedbank’s Manufacturing solutions, click here.<\/a><\/strong><\/li>\n<\/ul>\n\n\n\nIn an economy that is growing just 1% or 2%, the pressure is real. <\/p>\n\n\n\n
Many in the sector are responding by doubling down on their strengths and making improvements where possible. <\/p>\n\n\n\n
Although recent StatsSA reports show a loss of around 12 000 jobs, the manufacturing sector remains resilient. <\/p>\n\n\n\n
By streamlining supply chains, upgrading production lines, and finding new ways to improve operations, they are preparing for the future with purpose.<\/p>\n\n\n\n
New technologies are a big part of this. Automation, data-driven processes, and more intelligent production aren\u2019t just functional, they\u2019re essential to staying efficient and competitive. <\/p>\n\n\n\n
Investing in these areas takes planning, and that\u2019s where Nedbank Commercial Banking can support you. <\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Then there\u2019s sustainability. Across the sector, companies are investing in renewable energy, conserving water, and cutting down logistics costs. <\/p>\n\n\n\n
These steps aren\u2019t only about reducing environmental impact but also about creating more reliable, long-term resources for production. <\/p>\n\n\n\n
Nedbank\u2019s team is ready to give guidance on making these green shifts in ways that strengthen businesses for the future.<\/p>\n\n\n\n
The South African government is backing local industries, especially in clothing and textiles, by adjusting customs duties and value-added tax (VAT) regulations. <\/p>\n\n\n\n
In September 2024, the South African Revenue Service (SARS) raised customs duties on imports from online retailers. <\/p>\n\n\n\n
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. <\/p>\n\n\n\n
This shift levels the playing field, giving domestic manufacturers fairer footing and reinforcing the entire value chain. <\/p>\n\n\n\n
These targeted policies are part of a broader commitment under the National Industrial Policy Framework, aimed at building a diversified and competitive economy. <\/p>\n\n\n\n
Together, these steps highlight what\u2019s possible when government and industry work hand-in-hand to create a thriving manufacturing sector.<\/p>\n\n\n\n
Manufacturers are also finding success in diversification. By expanding product lines and exploring new markets, companies are building resilience for whatever comes next. <\/p>\n\n\n\n
This adaptability is setting them up for success in a constantly changing world.<\/p>\n\n\n\n
Nedbank Commercial Banking is more than a financier; we\u2019re a partner who is invested in your success. <\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Think bigger. Think Nedbank Commercial Banking.<\/p>\n\n\n\n
For more information on Nedbank’s Manufacturing solutions, click here.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"South Africa\u2019s manufacturing sector has been at the heart of our economy for decades, creating jobs, supporting communities, and driving growth.<\/p>\n","protected":false},"author":57,"featured_media":807778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[1799,21476],"class_list":["post-807777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-nedbank","tag-nedbank-manufacturing"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/807777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=807777"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/807777\/revisions"}],"predecessor-version":[{"id":807784,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/807777\/revisions\/807784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/807778"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=807777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=807777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=807777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}