Loading...
See More

Davies urges clothing sector to innovate

Nov 29 2011 22:00 Sapa

Related Articles

SA wants development to stay on WTO agenda

Davies: New BEE tender rules out soon

Walmart: State's appeal unsubstantiated

Gordhan to launch rescue for factories

Davies in defamation court battle

Davies: Rand swings worrying

 
Cape Town - The clothing industry will have to innovate and raise productivity to survive the rocky world economy, Trade and Industry Minister Rob Davies said on Tuesday.

"We can't afford to let manufacturing be the major 'payer' in terms of any new phase of the crisis," Davies told Sapa after speaking at the Clothing Bargaining Council's annual general meeting in Cape Town.

"The lesson from clothing industry is the way you get through this is you continue to innovate and raise productivity."

Davies told the council that a wage agreement between textile industry employers and the Southern African Clothing and Textile Workers Union for 30% lower wages for new employees was "a challenging new concept".

He said the government would be designating procurement to the industry on December 7, which would help its growth prospects.

The clothing industry, which shed thousands of jobs after having its profits hit by cheap imports, had "stabilised" and was making progress, he said.

"If you look at the production figures, there has been stabilisation in the industry."

The government had changed the structure of its support programmes and had provided a production incentive by granting credit against the amount of value a firm added to the economy.

It had also taken steps to improve protection to the industry and had recorded a number of useful victories against illegal imports, Davies said.
rob davies  |  clothing industry  |  world economy
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

BMW drift battle: M235i vs. speedway bike

Watch this insane drift contest with four-times dirt-track World champion Karl Maier riding a speedway bike against a BMW M235i.

 
 

Men24.com

Want to start talking dirty?
Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...