The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Private sector urged to buy local

Trade and Industry Minister, Dr Rob Davies, says the private sector should join government’s move towards buying locally produced goods to stimulate domestic economic growth.
 
Speaking at the third annual Proudly South African Buy Local Summit, Davies said creating jobs and addressing poverty required a structural change in the South African economy.
 
With the advent of the global economic meltdown in 2009, the Department of Trade and Industry (dti) has championed the cause of strengthening economic policy to reindustrialise the country.
 
Government has set a target of 75% local content in its procurement of goods, and Davies said inroads were being made towards this.
 
“We can’t expect growth if we only import finished goods,” said Davies.
 
At the end of the current administration, R1 trillion would have been spent on infrastructure geared at transforming the country’s economic landscape, compared to the R480 billion spent by the previous administration.
 
The country’s infrastructure development plan would not only work to build schools and roads, among others, that are necessary but would also be used as a tool of industrial development.
 
“We have the capacity,” Davies said at the summit.
 
“Over the course of the current administration, we have strengthened the regulatory framework,” he said, adding that the commitment to procure more goods and services locally has also been made.
 
Over the years, the department has made designations for local procurement across various industries, including those in medicine and work wear.
 
“We are doing further work on this,” said the minister.
 
The Department of Public Enterprises (DPE) Competitive Supplier Development Programme is among those that have made progress in procuring local content.
 
“It has been successful. For example, Transnet has procured 1 000 locomotives with the bulk of it being manufactured locally,” said Davies.
 
Public Enterprises Minister Malusi Gigaba said that the structure of the economy had made it difficult to “radically transform the economy”.
 
He said South Africa was determined to meet its set target of local procurement.
“We want private companies to at least match government in local procurement. We must move South Africa forward,” he said.
 
Davies said it was everyone’s responsibility to buy local products.
 
“Procurement is an important area to promote localisation,” said Davies, adding that the dti would not give up on its policy space.
 
Infrastructure state owned entities reporting to the DPE were set to invest R95 billion this year in the local economy.
 
Proudly South African CEO Lesley Sedibe said it was important to buy local not just for the sake of patriotism. “Government has shown commitment,” he said. - SAnews.gov.za

 


 
 
 
 

_________________________________________________
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Strenghtening Maritime Cooperation for a Peaceful, Stable and Prosperous Indian Ocean 9 March 2017 President Jacob Zuma has returned to Pretoria after a successful State Visit to Indonesia, which... <|> Pygmy Intervention Project 13 March 2017 The Pygmy community of the Central African Republic became a focal point at a gala dinner recently held in Pretoria at Burgers Park hotel. The gala dinner... <|> France and South Africa cooperation Visit of French Secretary of State for Transport, Oceans and Fisheries: Minister Alain Vidalies 7 – 10 March 2017 During his visit in South Africa between 7... <|> 6th African Film Week in Athens 13 March 2017 The 6th African Film Week taking place in Greece, brings to the big screen charming images from the African Continent: Urban legends, exoticism from... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Early warning centre for South Africa and Nigeria 14 March 2017 South Africa and Nigeria have agreed to establish an early warning centre to help mitigate and monitor possible threats and violence... <|> Abron Band from Iran share peace with music at Tsarogaphoka Primary School by Kgomotso Kgoale 14 March 2017 Kgwebong Consulting, an Organisation Development company that is dedicated to the... <|> Arctic Council at 20: Making a Difference Regionally By Srimal Fernando, Global Editor, The Diplomatic Society  We all know the temperatures are rising in the Arctic twice as fast as the... <|> Marrying of two iconic World Heritage Sites: South Africa’s Robben Island and Mauritius’ Le Morne Cultural Landscape 20 March 2017 Robben Island World Heritage Site (RIWHS) and Le Morne... <|> Freedom Park pays tribute to Sweden 21 March 2017 Human Rights Day is a significant day to South Africans for remembering not only the 69 people, who were killed during the Sharpeville Massacre,... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.