Today's Labour News

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ManufacturingCircleEngineering News reports that the Manufacturing Circle released a plan on Friday outlining how SA could create a million jobs over a ten-year period through pursuing a series of reforms designed at stimulating demand for South African manufactured products and improving the investment climate.  

The document, which also recommends the creation of a “super-ministry”, was handed to Trade and Industry Minister Dr Rob Davies at a launch function in Johannesburg.  Davies said he “warmly welcomed” the plan, despite disagreeing with some of its recommendations.  The Minister also commended the plan’s general thrust of highlighting the importance of manufacturing, and its associated services value chains, as central to future job creation and inclusive growth, as well as its warnings that “premature de-industrialisation” would have serious social and economic consequences.  Manufacturing Circle chairperson André de Ruyter said the ‘Map to a Million New Jobs in a Decade’ report was the organisation’s response to a “palpable sense of crisis” in the sector, which had shed more than 500 000 jobs over the past two decades and whose gross domestic product (GDP) contribution had slumped from 24% in the 1980s to only 13% currently.

  • Read this informative report at Engineering News
  • See too, Industry group targets million new jobs in manufacturing, at BusinessLive (paywall access)

Get other news reports at the SA Labour News home page