Today's Labour News

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robdaviesANA reports that Minister of Trade and Industry Dr Rob Davies said on Wednesday that manufacturing was a critical component of South African economic policy and was also important in creating and ensuring that there were jobs in the economy.  

He was speaking during a briefing to the parliamentary portfolio committee on trade and industry on the state of manufacturing and the Industrial Policy Action Plan (IPAP).  According to the minister, though the production of digital and changes in manufacturing technologies has led to the decline in the sector, there was still an improvement and very strong linkages and multiplies to the service sectors that still sustained jobs in the economy.  “Though the sector has many challenges and the economy is not performing as well as it ought to be performing, the performance in manufacturing sector is clearly doing a lot better than it would have been if we haven’t been doing the things we have been doing over the last few years, especially the intervention in the automotive sector, clothing and textile, agro-processing, film and Business Process Outsourcing (BPO) and others,” said Davies.  He reiterated that there was a need to bring about change in the structural characteristics of the SA economy, especially in the manufacturing sector, as well as in the patterns of ownership, participation and inlcusion.

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