South Africa's lacklustre approach to implementing the economic reform programmes necessary to turn the economy around is one of the reasons the economy has not clawed back the ground lost as a result of the Covid-19 pandemic, says metals and engineering industry body the Steel and Engineering Industries Federation of Southern Africa (Seifsa) COO Tafadzwa Chibanguza. “Gross fixed capital formation for 2021 increased by a disappointing 2.03%. The metals and engineering sector's fortunes are linked to higher levels of economic activity, which is driven by greater investment into the economy, particularly fixed investment.
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