Government Boosts Business

Government Boosts Business

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Neren Rau, SACCI CEO, says, “The South African Chamber of Commerce and Industry (SACCI) welcomes the recognition that concerted action between business and government can achieve significant results, as stated by Department of Trade and Industry (dti) minister Rob Davies.”

Francois van der Merwe, Tobacco Institute of Southern Africa (TISA) chairman and CEO, noted that the tobacco industry was eager to work with government to reach mutual goals. “TISA believes in sensibly regulated tobacco market and public education to warn consumers on health risks,” said Van der Merwe.

He emphasised that evidence-based policies and proper consultation with stakeholders could lead to sensible regulation. He warned against unenforceable and unworkable regulations that would result in a culture of non-compliance that benefitted organised criminals.

“Plain packaging is counterfeiters’ dreams come true.”

Regional integration to benefit manufacturers

Davies noted that industrial policy aimed to address structural problems in the economy, most notably that economic growth ‘was demand-side driven.

“The future of Africa lies in industrialisation,” he said. “The dti pursues regional integration as Africa provides a market with large enough numbers to further support the domestic manufacturing sector.”

Davies noted that a concerted action with business had resulted in R15-billion of investment in the auto sector, amongst others. “Government will partner with companies in the manufacturing sector that raise their competitiveness.”

 

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Foreign investors’ property safe from expropriation

The minister stated that there was no agenda to expropriate property by way of the proposed Promotion and Protection of Investment Bill, and that foreign investors would continue to enjoy full property protection as provided for in the constitution.

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