https://newsletter.en.creamermedia.com

Davies bemoans corruption’s undermining of industrial policy capability

Trade and Industry Minister Dr Rob Davies

Trade and Industry Minister Dr Rob Davies

11th June 2018

By: Marleny Arnoldi

Senior Deputy Editor Online

     

Font size: - +

Trade and Industry Minister Dr Rob Davies on Monday said corruption undermines industrial policy capabilities.

He was speaking during an interactive business breakfast dialogue on the rural township industrial economy that was hosted by the Department of Trade and Industry (DTI), together with the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs, as well as the eThekwini municipality and Ithala Development Finance Corporation.

“If we have corruption in the awarding of government money to support the programmes, it means somebody who is getting it is not supposed to get it and means the programme itself is weakened.

“Further, if entrepreneurs fail to abide by the law, those that don’t abide by the law unfairly outcompete those that do and this includes collusion; in fact, collusion is the polite name for corruption," said Davies.

The Minister pointed out that over the years, the department has seen a number of dodgy tenders, many of which do not support locally produced products but support imports.

These tenders were some of the actions that undermine the country’s industrial policy capabilities.

He added that these actions weaken one of the most important policy tools – localisation.

“It is important that we don’t allow corruption to take place. A capable State means we want officials who know and implement the policies for the good of the country. The DTI has zero tolerance to corruption. We allow the full might of the law to deal with those who engage in corrupt acts,” Davies asserted.

While sharing views on the importance of the township and rural economy, he highlighted the importance of the Industrial Parks Revitalisation Programme which was initiated in 2016 with a focus on revitalising industrial parks.

Many of these are in the townships and rural areas and serve as a key intervention for industrialising the rural and township economy.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Amsted Reelin image
Amsted Reelin

REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

TLT Turbo Africa launches SMART Fan for mining
TLT Turbo Africa launches SMART Fan for mining
4th February 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.156 0.262s - 165pq - 2rq
Subscribe Now