https://www.engineeringnews.co.za
Financial|footwear|Industrial|Innovation|Manufacturing|Tourism|Training|Manufacturing |Environmental
Financial|footwear|Industrial|Innovation|Manufacturing|Tourism|Training|Manufacturing |Environmental
financial|footwear|industrial|innovation|manufacturing|tourism|training|manufacturing-industry-term|environmental

ABA’s new factory to bolster black industrialists

23rd January 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Trade and Industry Deputy Minister Bulelani Magwanishe has described the opening of Africa Bespoke Apparel’s (ABA’s) R81-million factory, in Verulam, KwaZulu-Natal, this week, as a historic moment and a crucial milestone in the roll-out of the Black Industrialists Programme.

The Department of Trade and Industry said ABA was the first black industrialist company in the textile, clothing and footwear sector.

“This is in line with government policy to set the economy on a higher path of shared growth and to transform its structure, enabling opportunities for millions of South Africans.

“To this end, our department has developed a master plan to grow the clothing, textile, footwear and leather retail value chain. The plan, which is aimed at creating 60 000 jobs in the sector and enhancing competition, will soon be announced,” added Magwanishe.

He said that, at the heart of government’s policy intervention, was the advancement of the industrial sector to alleviate poverty, inequality and unemployment.

“With black industrialists like ABA, I am confident that we are close enough to achieving our objectives,” added Magwanishe.

He welcomed ABA’s planned training academy, saying that it would go a long way in developing the skills of young people and equipping them for the new age of innovation and discovery.

Magwanishe indicated that economic growth and transformation would rely on black industrialists who could produce, own and distribute goods anchored in value addition.

“These [industrialists] are the ones who harness the development of local content and are able to integrate into global value chains. It is industrialists like ABA that give meaning to Africa’s agenda and policy implementation,” said Magwanishe.

Also speaking at the launch was KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs Sihle Zikalala, who said the ABA facility was a demonstration of concerted and continued efforts to supporting the local clothing and textile industry.

“We know that in the recent past this industry succumbed to severe international pressure, leading to the decimation of the local manufacturing capacity and job losses. We are pleased to report today that government, in partnership with private sector stakeholders, is working together to rebuild the manufacturing capacity in the clothing and textile industry,” said Zikalala.

He added that government continued to avail financial assistance and other support to make the domestic clothing and textile industry more competitive.  

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

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:0.124 0.174s - 140pq - 2rq
Subscribe Now