Trade and Industry Minister Rob Davies has
launched the first phase of the revitalised Botshabelo Industrial Park in the
Free State.
Government is promoting black industrialists with the Black Industrialist Programme forming part of inclusive economic growth. To date, R250 million has been approved for five applicants in the programme.Minister Davies said the promotion of
industrialisation and industrial development should go together with radical
inclusive economic growth.
“One of the fundamental objectives of the
industrial policy priorities is the promotion of a broad-based industrialisation
path characterised by the increased participation of historically disadvantaged
people and marginalised regions in the mainstream of the industrial economy.
“Through this objective, the dti is
committed to the creation of sustainable economic development platforms such as
Industrial Clusters, value chains development and the revitalisation of
industrial parks,” said the Minister.
He said government is using different
instruments to promote inclusive economic growth.
“We seek to promote broad participation
through the new Codes of Good Practice of the Broad-Based Black Economic
Empowerment, which, among others, is encouraging larger industrial companies to
source from the smaller companies.
“We also use tools like designations.
According to designations, government will procure only from locally produced
products,” said the Minister.
Government is promoting black
industrialists with the Black Industrialist Programme forming part of inclusive
economic growth. To date, R250 million has been approved for five applicants in
the programme.
The Minister said the revitalisation of the
Industrial Parks Programme is targeted at providing a platform for
industrialisation in targeted regions, thereby promoting growth and
sustainability, diversification of economic actives and job creation.
“The revitalisation programme is aimed at
providing industrialists with an environment favourable for inclusive growth
and decent employment and equity by increasing the security and attractiveness
of the industrial parks.
“The revitalisation of Botshabelo
Industrial Park is part of the R189 million invested in covering six
prioritised parks under the Industrial Parks Revitalisation Programme to
promote industrialisation and increase contribution to job creation and the
country’s economic growth,” said Minister Davies.
Botshabelo Industrial Park is the first of
the 10 state-owned industrial parks to reach completion.
The first phase of the revitalisation
includes security infrastructure upgrade, fencing, street lighting and critical
electricity requirements at a cost of R24 million. - SAnews.gov.za
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