Introducing a South African Manufacturing Health Index (SA-MHI): Concept Paper

Justin Barnes ()
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Justin Barnes: Toyota Wessels Institute for Manufacturing Studies, Gordon Institute of Business Science at the University of Pretoria, and B&M Analysts.

No 2023-07, SARChI-ID Working Papers from SARChI Industrial Development (SARChI-ID), University of Johannesburg (UJ)

Abstract: The South African manufacturing sector has been in decline for an extended period. While the evidence of this decline is clear, the underlying reasons for the negative trend are contested. To shift the discourse away from vested ideological positions and what often is dated information, this concept paper argues for introducing an AI-enabled Manufacturing Health Index for South Africa. Based on a quarterly and annual survey process and the use of AI to objectively analyse performance results, the MHI should accurately project the future performance of the South African manufacturing sector and lay bare the empirical reasons for positive or negative performance over time. The MHI will also identify subsector and regional differences, ensuring it becomes an invaluable tool for successful industrial policy development.

Keywords: South Africa; competitiveness; quarterly performance; annual performance (search for similar items in EconPapers)
JEL-codes: D21 D24 D81 D92 E32 H32 L25 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2023-05, Revised 2023-05
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Persistent link: https://EconPapers.repec.org/RePEc:adz:wpaper:202307

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