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Since the inception of the black industrialist programme nine years ago, there has been a need for renewed commitment towards industrialisation, to influence not only the economic sphere of people's lives by raising income and employment opportunities but also the social and cultural life, with increased opportunities for education, housing, public health and infrastructure development for economic growth. The sustainability of our democracy, peace and stability will depend on the success of such programmes.
During interaction with fellow industrialists at the Black Industrialists and Exporters Conference at the Sandton Convention Centre last week – which was hosted by the department of trade, industry and competition, the Industrial Development Corporation, and the National Empowerment Fund – it became clear that, by incorporating new processes, industrialism boosts productivity, increases employee competencies, creates jobs and boosts economic growth.
