Presentation to the PC onTrade and Industry the dtis Achievements 2009/10 to 2013/14

11 March 2014Minister of Trade and Industry

*Presentation OutlineEconomic Context - 2009

Priority Interventions and Achievements:IndustrialisationBroadening economic participationStrategic use of trade and investment instruments to support industrialisationProviding an appropriate regulatory environment for economic development & protecting vulnerable consumers Driving operational excellence in the dti and its agencies

IPAP 2014/15 Indicative Directions*

Global Economic Context - 2009*

Sub-prime mortgage crisis in US and fall of Lehman Brothers triggered Global Financial Crisis which engulfed globe. While impacts were uneven across countries and regions, practically all countries experienced:Fall in business and consumer confidence,Fall in investment rates,Fall in international trade, Fall in GDP, and Rising unemployment. New dimensions to the crisis have emerged and necessitated new measures. Some effects of the Crisis and the resulting Great Recession are still visible and the rapid v-shaped recovery which many analysts predicted has been elusive.

Domestic Economic Context - 2009*

SA slips into recession and GDP has still not returned to pre-crisis levels

Domestic Economic Context - 2009*

Commodity prices slump up to 60% in platinum and export demand crashesImports rise as other countries seek markets for their excess production

Priority Intervention 1: IndustrialisationIPAP Context and Underlying Principles *

The IPAP is aligned with the vision of the NDP and the growth drivers of the NGP. IPAP seeks to restructure the economy and reverse the threat of deindustrialisation, placing it on a more value-adding, labour-intensive and environmentally sustainable growth path, especially in globally competitive, non-traditional tradable goods & services. This is premised on the principle that the manufacturing sector has the highest economic and employment multipliers and is the principal driver of innovation and technology with multiple spill over effects. IPAP seeks to build systematic, employment-creating linkages to the other primary productive and service sectors of the economy; with a focus on historically disadvantaged people and regions of SA. In so doing to contribute towards industrial development in Africa, focussed on infrastructure, productive capacity and regional integration. IPAP is predicated on the state supporting, nurturing and defending these objectives where it seeks to assert state leadership by steering but not rowing. Thus IPAP identifies a complex range of complementary, interlocking policies that require alignment, and in some cases subordination to industrial policy, such as aspects of macro policy, trade policy, dfi financing and so forth. It is increasingly predicated on stronger developmental conditionalities and reciprocal obligations from beneficiaries of state support in areas such as competitiveness and exports; employment retention and creation and investment.

Context and Underlying Principles *

Successive iterations of IPAP set out Transversal & Sector Programmes and Action Plans with time-bound milestones and lead and supporting responsibility of departments and instiutions. Methodology proven to be an important tool for planning, management, monitoring & evaluation, oversight; stakeholder engagement and intra-government integration and co-ordination. Predicated on sound research, intensive stakeholder engagement; identification of market failures; self discovery and learning by doing with the design of appropriate measures to address these. Demonstrable progress and results illustrate that industrial policy has and can work if it based on these principles and is adequately resourced autos; clothing and textiles; business process services and film being good examples. Progress achieved in the face of extremely unfavourable domestic and global economic conditions.Progress achievements and new platforms created establish a foundation upon which industrial policy can be deepened and extended to achieve much wider industrial and economic development objectives under the incoming administration. These include for example procurement; industrial financing; incentives; and trade measures.

Achievement Highlights: Transversal Areas*

Achievement Highlights: Transversal Areas*

Achievement Highlights: Transversal Areas*

Achievement Highlights: Transversal Areas*

Achievement Highlights: Transversal Areas*

Achievement Highlights: Sectoral*Automotives:Completion of the transition from the MIDP to the APDP. Exports exceeded $12bn with consolidation of platforms and economies of scale in a narrower range of vehicles. Average annual growth in value added in autos sector significantly outstripped overall economic performance between 1994 and 2011 by 1.5%. (Autos 4.8% and GDP 3.4%)Since its establishment the Automotive Investment Scheme (AIS) has approved 200 projects, with total estimated investments of R26.2bn, supporting 56,197 jobs and is expected to create 21 836 new jobs, examples includeMercedes-Benz SA has escalated its total investment in SA to over R5bn, underpinning an increase in its local output to 100,000 units a year and creating 800 new jobsthe dti created a "People Carrier" automotive incentive scheme for minibus and midi-bus taxis, to grow local assembly and production. This has facilitated investments by First Automobile Works (FAW) , Beijing Automotive Works (BAW) ,Toyota SA, Iveco SA and the Larimar group

Achievement Highlights: Sectoral*

Clothing and Textiles: Implementation of support measures has stabilised a sector in deep distress significantly slowing down employment decline and factory closuresSince inception the Clothing and Textiles Competitiveness Programme, (CTCP) 777 applications to the value of R2.2bn were approved under the Production Incentive63,311 jobs were saved and 8,459 were created Competitiveness Improvement component approved 44 applications to the value of R 645mThe share of locally produced clothing sold in the South African market has remained at around the 25% to 30% mark, despite fierce international competition and the continuing threat of grey and illegal imports, while aggregate consumer demand has steadily grown over the past 10 years The footwear sector projects an increase in production from 52 million to 100 million units in next 3 years To facilitate cluster-level engagements, the National Fashion Council was established and the funding structure developed, while the National Leather and Footwear Cluster at the Vaal University of Technology was established to accelerate skills and technology development in the Leather and Footwear sectorSouthern Cape Regional cluster increased production from zero to 6,350 pairs per day (approximately 133,350 pairs per month) thereby creating 560 sustainable new jobs

Achievement Highlights: Sectoral*

Achievement Highlights: Sectoral*

Achievement Highlights: Sectoral*

Industrial Development Challenges*

Protracted recession and decreased demand for SA exports in SAs traditional export markets in the US and Euro Zone. Difficulties associated with changing export paradigm.Weakened domestic demand as the credit-fueled boom of 2005-2007 continues to prove unsustainable.Financial market failure: requiring a more strategically focused set of investment instruments and incentives across all DFIs and Departments.Monopolistic pricing of privately-owned key intermediate inputs into the manufacturing sector.Continuing currency volatility.Sharply escalating and bunched up administered prices - most notably double-digit electricity municipal price increases, Weaknesses in intra-governmental coordinationPossible negative consequences for productive economy if environmental regulations are not calibrated and phased-in to allow necessary breathing space for manufacturers to reach full compliance Continuing high port charges and freight and logistics inefficiencies for export of value-added goodsContinuing skills deficits and mismatches across the economy an especially critical problem for the new growth sectorsContinuing labour relations volatility

Opportunities*

Local procurement and supplier development: Experience gained and platforms built in Designations; Competitive Supplier Development Programmes of SOC create platform for intensive scaling up. NT/DPE and DTI Task Team Full Review of Procurement regime create possibility of step change localisation across government and agencies which must include building strategic supplier development capacity in large procuring entities. Significant unrealised and important opportunities to deepen localisation and supplier development in the private sector retail; mining and construction; ICT etc with very significant benefits for local manufactureBeneficiationStrengthening and deepening industrial development will need to rest in great measure on securing concessional access to mineral feedstocks as a source of competitive advantage and value adding beneficiation as a competitive advantage for domestic manufacturing sectorNecessity to ensure SAs resource endowment which constitutes single biggest opportunity for competitive advantage; key consideration is required alignment with amendments to Mineral Petroleum Resources Development Act (MPRDA) to secure developmental prices.

Opportunities*

Focussed and Conditional Support: Work to measure; assess; align and strengthen incentives and industrial financing across government departments and agencies increasingly stronger conditionalities with sharper focus on exports to better counter the negative balance on the trade account and promote competetiveness in key sectors where SA enjoys global competetive advatages such as Mining and Transport Capital Equipment. Infrastructure development: Make good use of the massively scaled up infrastructure investment programmes being driven under the PICC as a powerful stimulus to industrialisation. This will provide both a challenge and an enormous opportunity for the localisation of a wide range of manufactured inputs into the infrastructure build especially in construction, metals, capital and rail transport equipment and renewable energy - provided that the required institutional architecture and localisation programmes can be fully secured.Natural and Shale Gas: The discovery of extensive natural gas fields in Eastern and Southern Africa and of very large indicative deposits of shale gas in South Africa brings with it the possibility of a major shift in SAs existing energy mix, with the potential to lower the cost of energy for the production sectors, driving significant upstream opportunities across a range of sectors and enhancing downstream beneficiation.

Opportunities*

Regional industrial integration and new export marketsSustained & concerted regional growth is arguably the biggest stimulus to long-term growth in South Africa. In the short to medium term regional integration offers continuous opportunities for SA to grow its exports base.A number of ongoing and scaled-up interventions are in the pipeline. These include: planning cross-border infrastructure, effective articulation of up- and down-stream linkages in resource exploitation; and the realisation of massive construction opportunitiesBRICSSouth Africas participation in the BRICS provides important opportunities to build its domestic manufacturing base, enhance value-added exports, promote technology sharing, support small business development and expand trade and investment opportunities. Development of complementarities and integrated value chains should be underpinned by an overall approach that puts industrialisation at the core of the engagement.

Priority Intervention 2: Broadening Economic Participation*

The Department through the Small Enterprise Development Agency (seda) has to date established a network of 43 branches, 18 mobile units and 50 information kiosks.

Hosted together with private sector partners the International Small Business Congress between 15 to18 September 2012.

SMME DevelopmentSMME Payment Assistance Hotline facilitated R2,998,657.87 worth of late payments to small enterprises from July 2013 till December 2013.The Intergrated SMME and Co-ops Framework and the action have been approved by MinMec.The Operational Plan is completed and was presented and approved by the Technical MinMec on 15 November 2013.The National Informal Business Upliftment Strategy has been developed and will be officially launched on 14 March 2014The Red Tape Reduction Guidelines for Municipalities have been launched. National Workshops and Information sessions are underway

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Co-operatives DevelopmentThe President has assented to the Co-operatives Amendment Act, 2013. The Act has been published in the government gazette No. 36729 (Notice No. 558) of 05 August 2013.

South Africa hosted the 3rd BRICS Co-operatives meeting in Cape Town from 26 to 28 October 2013.*

*Incubation Support ProgrammeOfficial launch on the 16th September 2012 Encourage private sector partnerships with government to support incubators in order to develop and nurture SMMEs into sustainable enterprises that can provide employment; and contribute to economic growthThe incubation support is available on a cost sharing basis between the government and private sector partners50:50 for large business and 40:60 for SMEsCapped at R10 million per financial year over a 3 year period

Incubation Support Programme Provincial Breakdown*42 Incubators are currently operating

Incubation Support Programme*

Women and Gender EmpowermentTechnogirl Entrepreneurship Programme: The Programme was initiated in 2006 and this year it celebrates 7 years of operation. It has been implemented in all Provinces, exposing 1,210 girl learners to the world of business and technology. *

Women and Gender EmpowermentThe Bavumile Skills Development programme is the dti initiative that provides formal training for women to enhance their expertise in production of high quality competitive goods and creation of formal enterprises in the creative and clothing and textiles industry. Over the last 5 years, 434 women from all 9 provinces have been trained successfully on the Bavumile programme and have been encouraged to formalise their businesses in order to participate in the relevant economic sectors.

The Isivande Womens Fund is aimed at providing affordable finance in all sectors of the economy with particular emphasis on rural enterprises. To date a total 33 projects have been approved to the value of more than R22 million since 2012/13.

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Broad-based Black Economic EmpowermentB-BBEE Advisory Council Operational. Presidential Council recommendations formulated, developed, tabled in Cabinet, resulting in reorientation of B-BBEE and alignment to broader government priorities (IPAP,NGP). Work-plan and subcommittees for Council approved.

PPPFA regulations have been aligned to the B-BBEE Act and came into effect on 7 December 2011.*

Broad-based Black Economic EmpowermentNational B-BBEE Summit successfully hosted on 3-4 October 2013 which unveiled the amended Codes and B-BBEE second baseline studyThe Minister gazetted the amended Codes of Good Practice on 11 October 2013.The B-BBEE Amendment Act has been ascended by the Presidentthe dti has in conjunction with University of South Africa (UNISA) and University of the Witwatersrand (Wits) developed and launched a B-BBEE Management Development Programme (MDP)

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Youth Enterprise Development The Youth Enterprise Development Strategy (YEDS) has been finalised, approved and signed off by the dti. The YEDS is dtis contribution to Commitment 5 of the Youth Accord, which specifies that Youth Entrepreneurship and Youth Cooperatives should be promotedYouth Enterprise Development Strategy launched successfully by the Minister on 11 November 2013Official launch of the Itukise Programme on 4 March 2014 Internships for Unemployed Graduates programme aims to place 1,200 unemployed graduates in private companies over the next two years, thereby equipping them with the relevant work experience to improve their employability

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Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsTrade Policy:The major tariff policy initiatives arising from industrial policy have been to lower tariffs for formerly protected upstream, capital-intensive industries which produce inputs that are important cost items for downstream industriesthe dti has also co-ordinated steps to crack down on under-invoicing and illegal imports as growing evidence suggests that this has become pervasive The global crisis has highlighted the importance of strengthening intra-regional cooperation and SA remains committed to deepening regional integration in Sub-Saharan Africa through a Tri-partite Free Trade Agreement with existing regional trading areas such as Comesa, the EAC and SADC. This will create large regional markets as a base for industrialisation, mutually beneficial infrastructure development, and regional value-chain development to build productive sectors. During this Administrations tenure, SA was invited to join BRICS. In 2013, SA hosted the 3rd BRICS Trade Ministers Meeting ahead of the Fifth BRICS Summit and the department led the process of developing the Trade and Investment Co-operation Framework that places the work programme on trade and investment co-operation in a longer-term strategic perspective. This includes efforts to strengthen co-operation in multilateral fora where trade and investment matters arise, notably in the WTO, and to explore BRICS partnerships that support Africas development agenda. A key outcome included the BRICS Trade and Investment Co-operation Framework.*

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsInvestment:Performance Agreement commitment on FDI had a target of R115bn for the period 2009/10 2013/14the dti achieved an investment pipeline of potential investment projects of:Financial Year 2009/10 - R40bn, Financial Year 2010/11 - R31.2bn, Financial Year 2011/12 R40.9bn,Financial Year 2012/2013 R53.5bn,Financial Year 2013/14 to Q3 - R34.1bn has been achieved. *

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsMajor Manufacturing Projects FacilitatedOver the past five years multinationals have affirmed South Africa as a regional manufacturing hub. The Sedibeng Heineken is South Africas largest green field project built in a record time before the 2010 World Cup and has a capacity of 3-million hectolitres. Unilever projects such as Indonsa is a global first for the group in terms of advancing its focus on advanced sustainable green technology. It is Unilevers second largest plant in the world and its 5th plant in South Africa. Other FMCG companies such as Proctor & Gamble, Nestle, Kimberley Clark, Ranbaxy, Hisense and LG have established new plants or expanded their operations.In the Auto sector, the unit has facilitated projects for Toyota, Nissan, Ford, General Motors, Tata, FAW, BMW, Iveco, KLT, Motherson Somi and Johnsons Control.

Resource Based ProjectsProjects have been established or facilitated for Kiran Global, Sephaku Cement, Mamba Cement, Astral Foods, Jindal and Rayal Tile*

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsGreen Economy Projects have been established or facilitated for DCD Wind, Jinko Solar, Powerway, Mainstream, Art Solar, Italian Building Energy, G P Tech and Gestamp. TISA has facilitated the establishment of these projects in support of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP)Services Major BPO centres have been attracted and established in South Africa such as Amazon, SERCO, Capita, Teleperformance, CCI, WNS and Mindpearl. Leading ICT multi nationals have established presence in South Africa namely Wipro, L & T Infotech. TISA has provided facilitation support to these companies such as their skills development and empowerment initiatives. *

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsAwardsIn 2013 TISA was elected Executive Vice President of the World Association of Investment Promotion Agency (WAIPA)SA voted overall winner by Financial Times for best investment destination for 2013 and 2014 In 2012, South Africa was recognised as the UK Outsourcing Association Offshoring destination of the year, a significant achievement in our key target marketSouth Africa in 2013 has won the European Outsourcing Association (EOA) Offshoring Destination of the Year Award, confirming its status as a leading Business Process Outsourcing (BPO) destinationIn May 2013 TISA received an award for facilitating the second best investment project(pharmaceutical sector) by AIM in Dubai*

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsExports:Over the past five years, export sales valued at R10.124 billion was facilitated through the organisation of 103 pavilions, 173 trade missions and 23 Investment and Trade Initiatives in six countries. South Africa has gradually diversified its trade and investment strategy to place a stronger focus on fast growing emerging markets in Africa, South-East Asia, the Middle East and South America. This strategy has continued during the global financial crises (including the Eurozone crisis) with even more concerted effort. Growing relations with the BRIC (Brazil, Russia, India, China) countries and the rest of Africa hold out the possibility of new markets for South African value added products and for the attraction of investment.Exports to the BRIC countries increased by a significant average annual growth rate of 32% over the past 10 years, of which the most radical growth happened since 2006 (average annual growth rate of 43%). China was once again the main driving force behind the persistent increase in exports, with India playing a strong supporting role. The export composition to the BRIC countries is still in favour of commodities, but value added products are slowly starting to become more prominent. *

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsAfricas growing importance has also significantly influenced South Africas export focus. Africa is rapidly becoming the continent with the fastest- expanding economic region in the world. In the 2012/13 financial year: 75% of the National Pavilions that the dti is organising at International Trade Exhibitions are in high growth emerging markets (30% of these are in Africa); 100% of Investment and Trade Initiatives are to Africa and the BRIC countries 33% of these are to Africa (Zimbabwe and the Democratic Republic of Congo).*

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsTrade Activities Undertaken:In the 2009-10 FY 24 National Pavilions (NP) organised 49 Trade Missions were organised3 Investment Trade Initiatives (ITI) were organisedIn the 2010-11 FYExports of R1,67bn were facilitated 311 companies were financially assisted20 Group Missions were organised6 ITI were organised16 NPs were organisedIn the 2011-12 FYExports of R6,42bn were facilitated.4 ITI were organised to Brazil, India, Russia and Zimbabwe, in which 51 emerging exporters and 39 SMMEs participatedParticipated in 21 NPs 919 companies were financially assisted29 Trade Missions were organised

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Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsIn the 2012 13 FY, Exports to the value of R3,8bn were facilitated1,213 companies were financially assisted 22 NPs were organised46 Trade Missions organised6 ITIs and 2 special projects were organised

In the 2013-14 FY up to Q3,Exports to the value of R2.2bn were facilitated859 companies were financially assisted 20 NPs were organised29 Trade Missions organised4 ITIs and 2 special projects were organised*

Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsExport Development Achievements: Capacity Building and TrainingOver the past 5 years the companies trained to be export ready amounted to 2,830 Clients Assisted with trade information and export adviceOver the past 5 years 2,433 clients were assisted with trade enquiries and export advice

Trade leads disseminatedThe trade leads which were disseminated amounted to 2,733

Awareness Raising and Capacity BuildingOver the past 5 years a total of 86 awareness raising and capacity building workshops were conducted

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Priority Intervention 3: Strategic Use of Trade and Investment InstrumentsProgrammes and Policies finalisedThe Impact Assessment and Review of the Export Council Model in South Africa finalised and approvedThe National Exporter Development Programme launched in April 2013. The key pillars of the NEDP are: to enhance the national export culture, launch an extensive capacity building initiative (i.e. Global Exporter Passport Initiative), build a reliable National Trade Information System, developing special projects to encourage the pooling of resources such as Export Villages and to establish a National Export Forum supported by a specific charterFurthermore, the dti has established an export help desk at the campus in order to enhance access to trade information and provide export advice*

Priority Intervention 4: Providing An Appropriate Regulatory Environment For Economic DevelopmentIndustrial policy requires a supportive regulatory environment to foster more competitive and dynamic industries and businesses, and prevent harmful market domination and abuse, and the exploitation of consumers. In recognition of the apartheid legacy of high levels of corporate and industrial monopolies in the economy, a far more robust Competition Act that informed the establishment of the Competition Commission and Tribunal was introduced in 1998. During this Administrations tenure, Amendments to strengthen the Competition Act were developed by the dti. SAs Competition Policy framework is robust by international standards, includes innovative elements such as the inclusion of a public interest clause to protect vulnerable workers, and its institutions have won global acclaim for the technical quality and nuance of their decisions. Key pieces of legislation such as the Companies Act and Consumer Protection Act were implemented in the last 4 years. The new Companies Act introduced a framework to facilitate the rescue of businesses that are in financial distress to ensure that potentially viable (in the long-term) firms do not have to close if there is an alternative. The Companies and Intellectual Property Commission has grown in stature over the last 2 years and the time required to register a business with CIPC is comparable to international averages. *

Priority Intervention 4: Providing An Appropriate Regulatory Environment For Economic DevelopmentIndustrial policy requires a supportive regulatory environment to foster more competitive and dynamic industries and businesses, and prevent harmful market domination and abuse, and the exploitation of consumers. In recognition of the apartheid legacy of high levels of corporate and industrial monopolies in the economy, a far more robust Competition Act that informed the establishment of the Competition Commission and Tribunal was introduced in 1998. During this Administrations tenure, Amendments to strengthen the Competition Act were developed by the dti. SAs Competition Policy framework is robust by international standards, includes innovative elements such as the inclusion of a public interest clause to protect vulnerable workers, and its institutions have won global acclaim for the technical quality and nuance of their decisions. Key pieces of legislation such as the Companies Act and Consumer Protection Act were implemented in the last 4 years. The new Companies Act introduced a framework to facilitate the rescue of businesses that are in financial distress to ensure that potentially viable (in the long-term) firms do not have to close if there is an alternative. The Companies and Intellectual Property Commission has grown in stature over the last 2 years and the time required to register a business with CIPC is comparable to international averages. *

Priority Intervention 5: Driving Operational Excellence in the dti and its AgenciesHuman Resources*

Priority Intervention 5: Driving Operational Excellence in the dti and its AgenciesHuman Resources*

Chart1

1230

1418

1417

Establishment

Number of posts

Sheet1

2009 : (as at 31/03/2009)Q3: December 2013Q4: 2014 (as at 28 February 2014)

(annual report)

123014181417

2. Vacancy rate18.10%9.31%9.53%

3. Women in SMS42.30%44%44%

4. People with disability0.90%2.54%2.67%

Mar-09Dec-13Feb-14

Establishment123014181417

Mar-09Dec-13Feb-14

Vacancy rate18.19.319.53

Women in SMS42.34444

People with disability0.92.542.67

Sheet1

Vacancy rate

Women in SMS

People with disability

Percentage of establishment

HR Statistics

Sheet2

Establishment

Number of posts

Sheet3

Chart1

18.142.30.9

9.31442.54

9.53442.67

Vacancy rate

Women in SMS

People with disability

Percentage of establishment

HR Statistics

Sheet1

2009 : (as at 31/03/2009)Q3: December 2013Q4: 2014 (as at 28 February 2014)

(annual report)

123014181417

2. Vacancy rate18.10%9.31%9.53%

3. Women in SMS42.30%44%44%

4. People with disability0.90%2.54%2.67%

Mar-09Dec-13Feb-14

Establishment123014181417

Mar-09Dec-13Feb-14

Vacancy rate18.19.319.53

Women in SMS42.34444

People with disability0.92.542.67

Sheet1

Vacancy rate

Women in SMS

People with disability

Percentage of establishment

HR Statistics

Sheet2

Establishment

Number of posts

Sheet3

the dtis Incentive Achievements in Numbers*

IPAP 2014/15 -16/17 Indicative Directions

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Regional industrial integration and new export marketsSustained & concerted regional growth is arguably the biggest stimulus to long-term growth in South Africa. In the short to medium term regional integration offers continuous opportunities for SA to grow its exports base.A number of ongoing and scaled-up interventions are in the pipeline. These include: planning cross-border infrastructure, effective articulation of up- and down-stream linkages in resource exploitation; and the realisation of massive construction opportunitiesBRICSSouth Africas participation in the BRICS provides important opportunities to build its domestic manufacturing base, enhance value-added exports, promote technology sharing, support small business development and expand trade and investment opportunities. Development of complementarities and integrated value chains should be underpinned by an overall approach that puts industrialisation at the core of the engagement.

IPAP 2014/15 -16/17 Indicative Directions

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Strengthen transversal and sector specific interventions including with 'deep dive', granular industry and firm level research to identify and support dynamic firmsGreater emphasis on focused export promotion strategyGreater emphasis on science, innovation and technology; interface with DST and 'new machine age''Stronger leveraging of public procurement and securing support from private sector for localisationScope and review of industrial financing and incentives to support this emphasisBeneficiation inclusive of strategic roadmap for optimal use of large natural and shale gas deposits in South and Southern Africa.

Thank You*

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