Cape Town, Feb 20 (Inditop.com) South Africa has announced a new industrial policy that aims to create 2,477,000 jobs by 2020.
“It is estimated that the new Industrial Policy Action Plan (IPAP) will result in the creation of 2,477,000 direct and indirect decent jobs over the next ten years,” Trade and Industry Minister Rob Davies said.
The minister said that the plan, which comes into effect in April, would focus on boosting industrial production in the country.
Strengthening the Industrial Development Corporation (IDC), revising procurement legislation and effective implementation of trade policies will be the key areas under the plan.
Davies said that country’s industrial output is expected to increase as the IPAP would promote procurement of local goods and services, BuaNews reported.
The action plan is also aimed at boosting sectors such as metals fabrication, capital and transport equipment, green and energy saving industries and agro-processing units.
