All data is delayed
See More

Motlanthe: Consumers spoilt for choice

Nov 26 2012 12:20
Johannesburg - South African consumers are "spoilt for choice" and need to be convinced to buy local products, Deputy President Kgalema Motlanthe said on Monday.

"Our people as consumers are spoiled for choice. This motivates us to be more competitive," Motlanthe said at the Proudly South African Buy Local Summit in Ekurhuleni.

He said local businesses should also do their part by making their products more appealing to South African consumers.

"We live in a global village where goods and services no longer recognise foreign borders."

Motlanthe commended Proudly South African for encouraging demand for local products and warned that government efforts to limit efforts might result in a trade war.

"Protectionism of any guise is frowned upon and can elicit destructive reactions from other countries."

Trade and Industry Minister Rob Davies agreed that because of globalism, few products were created solely in one country, but disagreed that public policy could not be used to encourage local procurement.

"There are also parts of products that we could well supply in South Africa," he said.

Davies said manufacturing had taken a blow from the recession in 2008, but had been in a slow decline before that.

He said the government had created guidelines for government departments and parastatals to procure a certain percentage of their stock locally.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.



Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote