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Johannesburg - The implementation of the new industrial policy action pPlan 2 (Ipap2), is likely to create 129 000 jobs over the next three years, said Trade and Industry Minister Rob Davies at a briefing to unveil the plan on Wednesday.
About 43 000 of the envisaged jobs will be direct, while 86 000 are expected to be indirect.
"This is a rolling programme on which we draw on experiences," Davies said of the Ipap, whose first leg was launched in 2009.
The minister said the Ipap 2 is a "critical component" of the government's new growth path, aimed at creating five million jobs over a 10-year period.
A "more stable, competitive" exchange rate is an important factor for local industries, the minister added.
The new Ipap2 is a consolidation of plans and programmes outlined in the previous plan.
Economic data and sector profiles have been updated. A different element to the new programme is the focus on skills.
The new industrial plan also included "quantitative advancements", Davies said.
These included added sectors such as boatbuilding and oil and gas, coupled with the existing sectors such as manufacturing and textiles.
Industrial financing will receive more attention, Davies said. He said the government is in the process of concluding a study on longer-term models of industrial financing.
The minister said key action plans have been put in place with specific time frames for implementation. Targets include those on transforming development financing and preferential procurement.
About 43 000 of the envisaged jobs will be direct, while 86 000 are expected to be indirect.
"This is a rolling programme on which we draw on experiences," Davies said of the Ipap, whose first leg was launched in 2009.
The minister said the Ipap 2 is a "critical component" of the government's new growth path, aimed at creating five million jobs over a 10-year period.
A "more stable, competitive" exchange rate is an important factor for local industries, the minister added.
The new Ipap2 is a consolidation of plans and programmes outlined in the previous plan.
Economic data and sector profiles have been updated. A different element to the new programme is the focus on skills.
The new industrial plan also included "quantitative advancements", Davies said.
These included added sectors such as boatbuilding and oil and gas, coupled with the existing sectors such as manufacturing and textiles.
Industrial financing will receive more attention, Davies said. He said the government is in the process of concluding a study on longer-term models of industrial financing.
The minister said key action plans have been put in place with specific time frames for implementation. Targets include those on transforming development financing and preferential procurement.
