SOUTH AFRICA REVITALISING INDUSTRIAL PARKS
South African Trade and Industry Minister Rob Davies has launched the first phase of the Komani Industrial Park revitalisation project, saying the revitalisation of industrial parks in the country is creating job opportunities for many locals.
Speaking at the launch on Monday in Queenstown in Eastern Cape Province, Davies said the work on revitalising the industrial park had created jobs for 71 locals. "During the first phase of the revitalisation programme of Komani, seven Small Micro Medium Enterprises were appointed as sub-contractors at the value of 5.3 million Rand (and) 71 local labourers were employed and 63 per cent of them were youth," said Davies.
The launch marked the completion of the first phase of the project which covers security upgrading of the park. The Department of Trade and Industry has so far invested 22.5 million Rand on the revitalisation of the park following a call by President Jacob Zuma to work towards full scale industrialisation and inclusive growth in the country.
At the launch, Davies emphasised the importance of creating opportunities for more people to be involved in the manufacturing sector.
"The manufacturing sector is capable of creating more jobs and thus it must be supported. We also need to search for job creation opportunities that will boost the economy. Labour absorbing sectors like component manufacturing, agro-processing and clothing and textile can also address the unemployment challenges when supported," he added.
Referring to the Black Industrialists Programme which aims to increase role players in the manufacturing sector, he said that so far, the programme had supported 22 black industrialists and created 1,500 jobs with 1.5 billion Rand being injected to support the industrialists.
Source: Nam News Network