Govt to meet local procurement target by 2019 – Davies
Government was well on its way to meeting the 75% local procurement target set by President Jacob Zuma before 2019, Trade and Industry Minister Rob Davies said on Wednesday.
Speaking during the debate on Zuma's state of the nation address, Davies said: "We are on target to meet this before the end of this term."
Davies defended the central theme of Zuma's speech which was "radical economic transformation".
Opposition parties, including the Economic Freedom Fighters and the Democratic Alliance, accused Zuma of not unpacking what this type of transformation meant.
"It must mean radical transformation of the productive restructuring of our economy. It must mean the radical transformation of production relations, less conflictual, characterised... by less inequality," Davies explained.
Davies accused opposition parties and commentators of missing the point of Zuma's speech.
"Our vision and our broad directive compass is the National Development Plan," he said.
"Within that [NDP] we recognise the national growth path, the infrastructure programme and the industrial policy action plan as key components and drivers of taking us where we want to go."
The need for a beneficiation strategy was key if South Africa was to industrialise and create the jobs.
"What we need to do is move up the value chain and industrialise," Davies said.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation