Sandton: Local procurement is more than a policy instrument, it is a strategic lever that drives progressive change, creates jobs, and ensures that belief in South African talent and resilience translates into tangible economic growth.
According to South African Government News Agency, this perspective was shared by Trade, Industry and Competition (dtic) Acting Director-General, Dr. Malebo Mabitje-Thompson, during the 13th annual Proudly South African Buy Local Summit and Exhibition in Sandton, Johannesburg. Representing Trade, Industry and Competition Minister, Parks Tau, Mabitje-Thompson highlighted the vital role of local procurement in South Africa’s economic development and the importance of a robust domestic industry.
Reflecting on the 24-year history of the Proudly South African campaign, Mabitje-Thompson underscored that buying local strengthens the country’s manufacturing sector and enhances global competitiveness. “We need to embrace local procurement for economic empowerment. Local procurement is more than a policy instrument, it is a strategic lever that drives progressive change, creates jobs, and ensures that our belief in South Africans’ talent and resilience translates into tangible economic growth,” she stated.
She further stressed the importance of government agencies adhering to local procurement legislation, citing Transnet as an example of an entity committed to investing in South African enterprises. Mabitje-Thompson noted, “When we procure locally, we bolster our economy and enhance its resilience. In a world where global supply chains are increasingly uncertain, it is vital that we can rely on our industries to supply our critical needs. Local procurement is not about shutting out foreign markets, rather, it is about creating a foundation for sustainable economic growth that benefits all.”
Mabitje-Thompson urged stakeholders to participate actively in discussions on policies supporting industrial growth, such as master plans, tariff measures, and initiatives to combat illegal imports. She reiterated that while incentives and industrial financing are essential, they cannot replace the need for a strong and reliable domestic market.
The Buy Local Summit and Exhibition, which commenced on Monday, continues to serve as a crucial platform for businesses, governments, and consumers to collaborate in fostering a thriving local economy. The dtic remains committed to supporting efforts that prioritize South African enterprises, ensuring their ability to grow and compete both locally and internationally.