Planned next steps in the Public Private Growth Initiative, following the industry’s 5-year plan as presented to Minister Dlamini-Zuma

Planned next steps in the Public Private Growth Initiative, following the industry’s 5-year plan as presented to Minister Dlamini-Zuma

Yesterday, representatives of 14 sectors of the South African economy met in Cape Town with the Minister of Planning in the Presidency, Minister Nkosazana Dlamini-Zuma. The purpose of the meeting was to provide these business leaders the opportunity to present their respective sectoral Five-Year- High-Level-Growth-Plans, to stimulate the economy. This session followed several earlier engagements with the Minister during the last few months as well as a meeting with President Ramaphosa in August during which he mandated the initiative to go ahead.

The initiative, called the Public-Private Growth Initiative (PPGI) is facilitated by Dr Johan van Zyl, CEO of Toyota Europe and Chairman of Toyota South Africa, together with In Transformation Initiative (ITI) headed by Mr Roelf Meyer. Minister Dlamini-Zuma was accompanied my Ministers Rob Davies (Trade and Industry) and Ebrahim Patel (Economic Development).

The fourteen sectors who made presentations were: Automotive, Agricultural, Chemicals, Manufacturing, Tourism, Renewable Energy – Wind and Solar, Energy, Construction, Pharmaceutical, Mining, Retail, ICT, Health and Insurance

Each sectoral presentation focussed on what the specific sector can contribute towards economic growth and job creation during the next 5 years, whilst addressing inhibitors to growth in that sector and what government needs to urgently address to enhance growth.

In his concluding remarks, dr van Zyl said that “if government and the private sector can continue to jointly address these identified inhibitors to growth, dynamic changes in the economy can happen fast”.

The next step will be an engagement with President Ramaphosa during which these sectors as well as others with whom consultations are currently being held, will present more detailed plans.

Roelf Meyer (for enquiries)
082 990 0004