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Johannesburg - Minister of Trade and Industry, Rob Davies said Manufacturing should be the leader of industrialisation in SA.
Davies was speaking at the Bell Equipment's manufacturing facility and head office in Richards Bay, KwaZulu-Natal on Friday.
He celebrated the handover of the company's 50 000th vehicle.
According to Davies, the manufacturing sector has proven that it can be the driver of industrialisation and Bell’s success story is evidence.
“The manufacturing sector has the highest economic and employment multipliers, with the strongest backward and forward linkages within and between manufacturing sectors," said Davies.
"Manufacturing enables and strengthens linkages between primary, industrial and services sectors and it is a driver of innovation and technology."
The production and export of manufactured, value added goods has very significant macro-economic benefits including with respect to the trade and current accounts.
Davies said that although the Industrial Policy Action Plan has registered significant achievements over the last five years, it lacks the aspect of recognising the champions.
“One of the areas of improvement and focus must be to increasingly identify and support ‘champion’, winning SA companies and increasingly strengthen their efforts with the range of policy instruments we have in our armoury," said Davies.
These must include industrial financing, incentives, trade measures and export promotion – in a more focused and strategic manner.
"The reason for this is that SA’s growth path is currently consumer driven, import intensive and characterised by significant fault-lines”, he added," said Davies.
Bell's CEO Gary Bell said the company achieved success through the assistance of the government and other stakeholders
"We want to encourage government to improve on the support to the industry and other industries in order to take the country forward," he said.
"As a company we are committed to support the government’s vision of 5 million jobs by 2020 and the infrastructure programme support. Currently we employ 3 500 people."
Davies was speaking at the Bell Equipment's manufacturing facility and head office in Richards Bay, KwaZulu-Natal on Friday.
He celebrated the handover of the company's 50 000th vehicle.
According to Davies, the manufacturing sector has proven that it can be the driver of industrialisation and Bell’s success story is evidence.
“The manufacturing sector has the highest economic and employment multipliers, with the strongest backward and forward linkages within and between manufacturing sectors," said Davies.
"Manufacturing enables and strengthens linkages between primary, industrial and services sectors and it is a driver of innovation and technology."
The production and export of manufactured, value added goods has very significant macro-economic benefits including with respect to the trade and current accounts.
Davies said that although the Industrial Policy Action Plan has registered significant achievements over the last five years, it lacks the aspect of recognising the champions.
“One of the areas of improvement and focus must be to increasingly identify and support ‘champion’, winning SA companies and increasingly strengthen their efforts with the range of policy instruments we have in our armoury," said Davies.
These must include industrial financing, incentives, trade measures and export promotion – in a more focused and strategic manner.
"The reason for this is that SA’s growth path is currently consumer driven, import intensive and characterised by significant fault-lines”, he added," said Davies.
Bell's CEO Gary Bell said the company achieved success through the assistance of the government and other stakeholders
"We want to encourage government to improve on the support to the industry and other industries in order to take the country forward," he said.
"As a company we are committed to support the government’s vision of 5 million jobs by 2020 and the infrastructure programme support. Currently we employ 3 500 people."
