Government has identified rural and township economies as vehicles for achieving radical economic transformation.
The face of this transformation is the creation of employment for the youth, empowerment of local businesses and inclusive growth, said Deputy Minister of Trade and Industry, Bulelani Magwanishe, on Monday.
He added that the dti has prioritised its Rural and Township Industrial Economic Programme, in order to boost enterprise development in various regions of the country.
Magwanishe was speaking at the industrial dialogue breakfast session and provincial seminar on the Rural and Township Industrial Economy that was hosted by the dti in Kabokweni, Mpumalanga.“Our understanding is that they are going to make sure that when these small -scale fishermen and
women receive their fishing rights – as we are going to launch the small-scale fisheries policies –
sometimes they are not able to exercise their rights to go and fish because of access to funding.
The purpose of the event which was attended by business and industry leaders was to provide an opportunity for constructive engagement between government and key stakeholders on interventions that are required to grow and sustain township and rural economies.
According to the deputy minister, the dti has prioritised its Rural and Township Industrial Economic Programme, as part of the implementation of the department’s Industrial Parks Revitalisation Programme.
One of the objectives of the Industrial Parks Revitalisation Programme is to support socio-economic and industrial development in township economies. It also ensures effective collaboration between small and medium enterprises and multinationals in the region, said Magwanishe.