At a post Cabinet briefing on 20 March 2014 it was announced that Cabinet had approved the 6th Annual Iterative Industrial Policy Action Plan (IPAP) 2014/15-2016/17 for implementation. The overriding goal of IPAP is to prevent industrial decline and support the growth and diversification of South Africa’s manufacturing sector.
The 5th iteration of IPAP includes specific action plans to promote industrial growth and reduce unemployment.