Category: Human Resource

To Relocate or Resurrect A South African Textile Factory in Distress

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The story of South Africa’s textile industry is one of resilience, determination, and innovation. After the Apartheid era was over, and the South African economy was finally in full recovery, businesses sought to regain the market share they had lost by exporting their products, especially clothes. South African textile firms were highly focused on manufacturing and selling clothing in international markets. South African textile factory Strydom has been around for over 80 years. The company produces high-end garments for international br

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In the year 1997, the global economy sank to the depths of depression as the global economy began to contract due to the Asian financial crisis. For South Africa, which was one of the largest exporters of textiles in the world, this crisis had been severe, with the textile industry losing 95 percent of its value between 1995 and 1998. Today, the South African textile industry has not only managed to bounce back but has also transformed into a leading industry. The textile industry

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The South African textile industry is a pillar of the economy that drives over 6 million jobs in an industry that is worth billions of rand annually. Despite the sector’s significant contribution, the industry has been facing significant challenges that affect its competitiveness and effectiveness in the global market. One of the most pressing challenges is the unemployment rate in the industry, which has been hovering at above 70 percent, leading to increased levels of social unrest. Recently, one of the major South African textile factories, FNX

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