Manufacturing and diversification of economy is key driver to attaining economic growth – Davies

The Minister of Trade and Industry, Dr Rob Davies says that the manufacturing sector and diversification of the economy is a key driver to attaining South Africa’s economic growth objectives. Davies was speaking at the one-day Manufacturing Indaba Western Cape that is currently underway at the Cape Town International Convention Centre. “We all know that the performance of our economy has been flat, but we were saved by the second-quarter Gross Domestic Product manufacturing statistics. That was mainly through the implementation of a transparent localisation policy that we have developed and this result also demonstrates that manufacturing and diversification of our economy is highly critical if we are to achieve our economic strategic objectives,” said Davies.