MINISTER DAVIES TO BRIEF THE MEDIA ON THE ACHIEVEMENTS AND CHALLENGES
REGARDING IMPLEMENTATION OF THE LOCAL CONTENT VERIFICATION
The
Minister of Trade and Industry, Dr Rob Davies will brief the media on progress
regarding the implementation of Local Content Verification.
Davies
will also issue the 1st South African Bureau of Standards (SABS) Local Content
Verification Certificates in the Bus Manufacturing Sector. The certificates
awarded to companies that have achieved 80 percent threshold on locally
manufactured component.
This
would take place on Tuesday,
18 November 2014 at Imbizo Media Centre in Parliament,
Cape Town
NB! There will be a video link to GCIS, Tshedimosetso House, 1035 Frances Baard Street Festival Street Pretoria
Minister
Davies says the local content verification work forms part of government’s
compliance monitoring of the Industrial Policy Action Plan (IPAP) intervention,
to leverage state procurement for industrialisation.
“The
economic objective of the Industrial Policy Action Plan (IPAP) intervention is
for local manufacturers to receive a substantial share of government business,
where sustainable order books will contribute to the development of local
industries and the creation of jobs”, says Minister Davies.
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