Wednesday, 25 January 2017 09:32

Department of Trade and Industry to spend R216m on upgrades at industrial parks

Written by
Rate this item
(1 Vote)

The Department of Trade and Industry (dti) plans to spend R216 million on renovations at five industrial parks in the country.

Minister_Rob_Davies

On Tuesday, Minister Rob Davies said the renovations are aimed at upgrading the parks’ infrastructure so they can be better positioned to contribute to the country’s industrial development, economic growth and job creation.  

“Last year, the dti spent more than R180 million for the upgrading of six industrial parks spread across five provinces in the first phase of our Revitalisation of Industrial Parks Programme. We have set aside R216 million from our critical infrastructure incentive programme to start revitalising five more this year,” said Minister Davies.

The first phase of the revitalisation of the Nkowankowa, Ekandustria, Bodirelo, Phuthaditjhaba and Garankuwa Industrial Parks is due to commence after their budgets were approved late last year.

The revitalisation programme is implemented in four phases focusing on various areas, with the first being the upgrading of security infrastructure.

The dti identified a need to revitalise industrial parks located in various parts of the country, mainly the former homelands, as part of efforts to promote industrialisation, manufacturing and job creation 

“Our officials are already in the process of conducting inception meetings to discuss the implementation of the project with key stakeholders. The positive impact of the programme on the economy on the areas where the parks are located is felt as soon as the implementation begins, as most of the labour and construction materials are procured from those areas,” Minister Davies said.

He said the department would like to see more industrial parks operating as centres of excellence and beehives of economic activity, contributing to the growth and diversification of the economy.

“The revitalisation process will ensure that the upgraded parks appeal to private investors, provide a conducive environment and attract investments that will create jobs and assist in promoting economic transformation,” said the Minister.

The dti is applying a holistic approach to the revitalisation initiative to ensure that enterprises based there participate meaningfully in the mainstream economy in order to achieve the National Development Plan (NDP) and Industrial Policy Development Plan (IPAP) objectives.

Parks must be efficiently run to facilitate market access for goods manufactured there. They must provide financial and non-financial support and be clustered along industrial sector and value-chain lines.

Last modified on Friday, 27 January 2017 09:51

Most Popular

From building houses to building futures: It’s time to take affordable housing in SA to the next level

Jun 22, 2017
Leanne Govender
There can be no arguing against the fact that the provision of affordable housing is a…

Redefine Properties sells Delta stake to women-led BEE consortium

Jul 04, 2017
Phumzile Langeni
JSE-listed diversified real estate investment trust Redefine Properties has sold its…

Vukile acquires R2,8bn Spanish retail portfolio, boosting its offshore exposure to 21%

Jul 04, 2017
Parque Oeste -Alcorcon
Vukile Property Fund announced its trailblazing acquisition of a portfolio of nine…

Substantial development for Salt River's Brickfield Road

Jun 27, 2017
13 Brickfield
Pockets of Salt River, once a booming part of Cape Town due to its proximity to the CBD,…

Bridge City's bold affordable housing vision becomes reality

Jul 04, 2017
Bridge City Affordable Housing
Construction of a landmark affordable housing project at Bridge City is due to start…