Development

Industrial policies

Industrial policy is government's plan to grow factories and processing industries so the economy creates more jobs and exports.

CAPS

Grade 12 · Economics · Development

Economics wants the concept, then the diagram or the data, then the consequence.

  • The papers

    Paper 1 is macroeconomics and economic pursuits. Paper 2 is microeconomics and contemporary economic issues. Each paper is 150 marks.

  • How to write it

    Define the term as CAPS uses it. If a graph is asked for, label both axes, the curves, and the equilibrium or the shift. Then say what happens to price, quantity, growth, inflation or unemployment. A curve with no labels does not explain.

  • How a marker reads it

    A common mix-up is calling industrial policy a demand-side policy, when it works on the supply side by building productive capacity.

Essays are marked on the introduction, a body that applies the theory, and a conclusion that answers the question. A list of definitions is not an argument.

ABN

Worked theory

Worked theory. A component maker chooses the Coega SEZ near Gqeberha because company tax is lower there, the port is close and the land is already serviced. It hires local workers and buys from nearby suppliers.

More worked examples

  • Platinum beneficiation

    Instead of exporting raw platinum, a plant turns it into catalytic converters locally. More value and more jobs stay in South Africa.

  • Township industrial park

    A revitalised industrial park in Botshabelo gets new roofs, fencing and electricity. Small manufacturers move in and hire people who live nearby.

In ordinary words

Government offers incentives such as tax allowances, cheaper finance from the IDC and serviced land in Special Economic Zones. It also builds corridors that link regions to ports. The aim is to add value to raw materials locally and to spread industry beyond the big cities.

In South Africa

A factory in an SEZ beside a container port.

Part 1 / 4

What it is

Industrial policy is government's plan to grow factories and processing industries so the economy creates more jobs and exports.

More worked examples

Board walkthroughs on this topic. Open one, copy the working, then try the next.

Example 1 / 20

Name three aims of South Africa's industrial policy.

How we got there

Read this like a teacher at the board. We go slowly, name every number, and say why we take each step.

Explain in another language · 11

1. What is the question asking?

Read the question twice. Circle the unknown. Underline every number and unit. The paper is asking: Name three aims of South Africa's industrial policy.

In other words — as if you have never seen this before

If you have never seen this before: Growth, jobs, diversification. We will name a method in words, write the formula with no numbers, then substitute one line at a time.

2. What do we already know?

Policy aims.

3. Which method — and why this one?

Growth, jobs, diversification.

4. Step-by-step working

  1. 01 / 07

    Step A — Read the question twice

    Slow down. Circle the word that names the unknown. Underline every number and its unit. Do not grab a formula yet — first decide what the paper is actually asking.

    Why this step: If you can say the method in a sentence, you will pick the right formula. First-timers skip this and grab the first equation they remember.

  2. 02 / 07

    Step B — Write the given in a column

    Policy aims.

    Why this step: A column with units stops you mixing cm with m, or minutes with seconds. Markers can also see you started correctly.

  3. 03 / 07

    Step C — Name the method in words

    Growth, jobs, diversification.

    Why this step: If you can say the method in a sentence, you will pick the right formula. First-timers skip this and grab the first equation they remember.

  4. 04 / 07

    Identify the given

    Grow manufacturing, create jobs, add value to raw materials, raise exports, reduce regional inequality.

    Why this step: We only do one job per line so a marker can follow the marks — and so you can find a slip without starting over.

  5. 05 / 07

    Step G — Sense-check the size

    Ask: is this the kind of number a Grade 10–12 paper would want? A speed of 3 000 ms for a learner walking, or a probability bigger than 1, means a unit or algebra slip. Estimate first: round the numbers and do the sum in your head.

    Why this step: Markers write ‘unrealistic’ in the margin when the method is right but the size is wild. A 10-second head check often finds a missing 10² or a unit that never changed.

  6. 06 / 07

    Step F — Box the answer with its unit

    E.g. jobs, exports, beneficiation.

    Why this step: A number without a unit is half a mark on a Physics paper, and a marker can miss a Maths answer that is buried in working.

  7. 07 / 07

    Step H — What the marker is looking for

    On an NSC memo you usually earn: (1) a method mark for naming the right formula or idea in words, (2) an accuracy mark for substituting the given numbers with units, (3) an accuracy mark for the boxed answer with its unit. Write those three lines even if you are unsure of the arithmetic — blank pages score zero.

    Why this step: First-timers chase the final number and leave the method blank. The memo still pays out for the idea and the substitution even when the last line is wrong.

5. The answer

E.g. jobs, exports, beneficiation.

Copy onto your answer sheet — in this order

Answer: E.g. jobs, exports, beneficiation.

6. Check it like a marker

Link aims to unemployment.

7. A trap first-timers fall into

First-timers often grab the first formula they remember, mix units (cm with m, minutes with seconds), or drop a minus sign. Write the formula in words first: “this equals that, because…”

Ntsako · fx-991ZA PLUS. Tap to calculate.