BURNING ISSUE

20th May 2016

BURNING ISSUE

Trade and Industry Minister Dr Rob Davies attempted to use the launch of the latest Industrial Policy Action Plan this month to give practical expression to government’s black-industrialist programme. Instead of releasing the 170-plus-page report at a hotel or a conference centre, it was unveiled at Guestro Casting & Machining’s East Rand factory – a foundry bought in 2013 by a consortium led by Naledi Inhlanganiso Group. Speaking at the launch, executive chairperson Sibusiso Maphatiane described himself as one of the “mythical black industrialists” created with government’s support. He urged State-owned companies, however, to align their procurement practices with government’s localisation commitments.