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portfolio and has consistently been able to secure investments. In 20172018 he brought in R84.4-billion in investments towards job creation, which is more than double his department’s R40-billion target.
He also unveiled the automotive masterplan programme that aims to increase local content in cars assembled in South Africa to 60% as well as the participation of blackowned companies in manufacturing the components.
Davies, who has been heading his department for close to a decade, received a clean audit this year. Of the 10 entities audited by the auditor general, seven had unqualified audit opinions. The department paid its creditors within 30 days.
Entities within the department