The South African Department of Trade, Industry and Competition(DTIC) has unveiled four masterplans, including one for the clothing and textiles industry, said Minister Ebrahim Patel at the recent Budget Veto Session. These masterplans aim to increase the country’s production and jobs.
Patel informed that from July 2019, the South African Revenue Services (SARS) has seized 550 shipping containers of illegally-imported and undervalued clothing and footwear, to protect local industries and entrepreneurs. The department has signed an agreement with the UK to maintain access for South African products in its market after Brexit.
South Africa is well-positioned to become a major supplier of industrial goods and value-added services to the continent. It has built the African Continental Free Trade Area as the foundation for a long-term growth.
To prepare for the post-COVID world, the South African government will strengthen efforts around reconstruction and recovery, including broader pacts with workers and businesses, focused on saving as many firms and jobs; identifying new opportunities; embracing digital technologies to recover and change; addressing economic inclusion with greater urgency, said Patel.