Plan to rejuvenate the manufacturing sector set to benefit Vaal residents

November 28, 2017

VAAL TRIANGLE - Vaal Triangle residents can look forward to new job opportunities as a Manufacturing Circle yesterday implemented a plan to create jobs through manufacturing companies. The Manufacturing Circle launched its ‘Map to a Million New Jobs in a Decade’ plan yesterday containing realistic steps to create an environment in which manufacturing in South Africa can thrive and jobs can be created. Manufacturing Circle Chairman, André de Ruyter says their first priority is to prevent further de-industrialisation in areas like the Vaal Triangle, stopping further job losses and stabilising the industrial base. According to Ruyter, after they succeed in stopping job losses, they want to increase the use of current capacity and create additional demand for manufactured goods. Ruyter states the ‘Map to a Million’ also proposes various supply-side interventions to improve manufacturer’s competitiveness by reducing input costs, making changes to fiscal policy and supporting labour productivity. Their main aim is to ensure economical effectiveness in distressed industrial areas such as the Vaal Triangle. 
 

PHOTO: (Supplied)

 

 

 

 

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