Supporting the manufacturing sector remains a key priority for government as this will lead to more sustainable growth and job creation, says Deputy Minister of Trade, Industry and Competition, Andrew Whitfield.
Speaking during a site visit at the Usabco Addis manufacturing plant in Cape Town, he said the government’s support of the sector and development of competitively driven policies would respond to issues the sector is currently facing.
“As the world changes, South Africa is well positioned globally to look at innovative ways to develop and grow the sector. Research, innovation, localisation, the green economy and trade agreements are some of the tools and factors that can be used to position the sector as the leader on the continent.”
He commended Usabco Addis for its contribution to the circular economy, as 40% of its products are produced from recycled plastics. The company, which employs more than 800 people is focused on increasing its local market share to create further jobs.
Whitfield said the Department of Trade, Industry and Competition’s (dtic) funding agencies, such as the Industrial Development Corporation (IDC) could be engaged to fund projects to assist the sector.
“Government does not underestimate nor take for granted the contribution and the investment that the sector has made over the years. It is for us as the department to be in a well-informed position to come with policies that will sustain the sector going forward.
“Ultimately, our job in government is to make it easier for businesses to grow and create jobs, and for our people to get those jobs and keep those jobs.”
Whitfield said Africa was seen as the next frontier in the manufacturing sector, with the African Continental Free Trade Area’s drive to boost intra-Africa trade, encourage investment, and stimulate economic growth. He said it was an opportunity the country must take full advantage of as the continent curbed red tape to drive trade.
“The dtic’s urgent priority over the next five years is to create rapid, inclusive, sustainable growth and job creation through manufacturing, services, investments and export-led growth.”
