launch its products, which h are better than what is cur- rently available and being g imported from China. We e have also addressed the risks normally associated with start-up businesses, to make it easier for investors or financiers to get involved.
The manufacturing sector provides a locus for stimulating the growth of other service-related activities ivities and thus creates employment and economic empowerment on a wide scale. A strong manufacturing sector is a crucial component of a country’s intellectual capital, innovation capacity and economic prosperity. Losing those skills could be devastating to our economy as we will become totally dependant on imports and f luctuating world prices. Manufacturing, as a job creator, presents an opportunity to significantly accelerate the country’s growth and development.
The South African Technical Specification (SATS) 1286 has been introduced to support SA’s strategy of increasing the level of local content in the goods and services procured by Government and State-owned entities and to add impetus to the country’s re-industrialisation efforts. The requirement is supported by the updated Preferential
»Procurement Policy Framework Act (PPPFA) regulations, issued in December 2011.
An exercise with a local distributor has confirmed that we can manufacture at the sa same, or lower, price th than China, but with m much better quality, m making our products very co competitive. Tr Trade and industry minister Rob Davies argues that there is significant potential to increase the domestic job creation around Government procurement generally and also the multibillion-rand public infrastructure programme.
We are therefore extremely disappointed that Government’s initiatives for job creation do not reach the implementation stage, where banks and funding organisations give their support to emerging businesses and meaningful employment. Not just employment, but skills transfer to serve future generations.
A survey under SMMEs and specifically the manufacturing sector may confirm the lack of support that we are getting from Government.
Thank you for an interesting article.
Amanzi Meters (Pty) Ltd