Today's Labour News

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ramaphosa2Engineering News reports that President Cyril Ramaphosa on Wednesday paid tribute to SA’s massive defence industry for creating much needed jobs and bringing in foreign currency.  

"For both security and developmental reasons, South Africa is looking after its defence industry, which is not only viewed as a department of defence asset.  It is a national asset that has value for many departments and agencies of government," said Ramaphosa as he officially opened the 10th Africa Aerospace and Defence exhibition at Waterkloof Air Force Base in Pretoria.  Ramaphosa said the industry was an "important employer" providing 15,000 direct jobs in 120 companies.  "It is an incubator of our scarce skills in science, technology, engineering and mathematics.  The industry’s engineers are exposed to production and management practices of the major international players.  They thus become assets for the broad economy," he pointed out.  Ramaphosa went on to indicate that government intended to support the industry to become export driven on the back of international investment, by having a policy stance favouring international joint ventures with local industry.


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