1 minute read
24 Jul 2014
5:00 am

Patriotism alone won’t spur growth


On the face of it, there might appear to be merit in President Jacob Zuma's attempt to get the top 80 companies on the JSE to buy more from local companies.

According to Trade and Industry Minister Rob Davies, the aim is to encourage the private sector to contribute more to the growth of local manufacturing.

In Parliament this week, Deputy Trade and Industry Minister Mzwandile Masina said the department was concerned about the private sector’s “reluctance to follow government’s lead of targeting 75% local content in its procurement”.

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