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South Africa looks to seize new opportunities

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Monday, 02 April 2012

South Africa looks to seize new opportunities

The Department of Trade and Industry (Dti) has identified food processing as a priority area in the South African economy. Following the announcement of Finance Minister Pravin Gordhan, the Manufacturing Competitiveness Enhancement Programme (MCEP) will be launched in April to support the development of industry and to help businesses improve their competitiveness. Trade and Industry Minister Dr. Rob Davies recently explained that the MCEP could enhance growth and development of the sector.
According to Mr Davies  while agricultural production of crops in South Africa is thriving, “processing is lacking”.  As he thinks that the food processing industry is closely linked to the agricultural sector from where it draws its inputs, he believes, it is important to build a greater symbiosis between agriculture and food processing,  thereby creating more jobs. "Our agro processing businesses must not stay stuck in a rut, but seize new opportunities,"  he recently stated.
Davies added that the Dti is also focusing on new export market opportunities in Africa, the Middle East region, and BRICS countries as South Africa needs to develop market access “to more dynamic economies". Furthermore, traditional export markets for South African food products, namely the EU and the US, are expected to register relatively low growth for the next two to three years. "There are still opportunities in Europe, but in newer members of the EU and Eastern European countries",  he stressed.

Source: Bizcommunity