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Media Statements

the dti’s Business Breakfast Dialogue on Rural and Township Economies Goes to Ethekwini

2018-06-10
 
Minister of Trade and Industry Dr Rob Davies, together with the Member of the Executive Council for Economic Development, Tourism and Environmental Affairs in KwaZulu-Natal, Mr Sihle Zikalala and eThekwini Mayor, Councillor Zandile Gumede will host an interactive business breakfast dialogue on the Rural and Township Industrial Economy at the The Botanic Gardens, eThekwini on Monday, 11 June 2018 from 08:00

The event is a collaboration between the Department of Trade and Industry (the dti), Department of Economic Development, Tourism and Environmental Affairs, eThekwini Metropolitan Municipality and Ithala Development Finance Corporation.

The dialogue, and the seminar that will follow after the dialogue, are part of the build-up to the presidential Summit on the Rural and Township Economies that will be hosted by the Department of Trade and Industry (the dti) in partnership with the Broad-Based Black Economic Empowerment Advisory Council in the Eastern Cape in July 2018.

According to Minister Davies, the event will afford a prospect for constructive engagement between government and key stakeholders on interventions that are required to grow and sustain township and rural economies. Minister Davies adds that the business dialogue is intended to create a platform for partnerships between the public and private sectors in developing support mechanisms for rural and township economies.

“Township economies are struggling, especially from an industrialisation perspective due to a number of factors, which include limited logistics, infrastructure and investment, as well as instilling values that support sustainable development and socio-economic transformation of the country. In response to this problem, a strong industrialisation focus must be introduced through the support of government to improve the infrastructure in these areas. A partnership that brings together the three spheres of government as well as big business is imperative and this business dialogue is expected to contribute positively to this challenge by suggesting solutions,” adds Minister Davies.

Minister Davies emphasised the importance of rural and township economies and suggested the urgent need to ensure that these economies form part of the mainstream economy. He says rural and township economy have the potential to drive economic growth.

Participants will include business and captains of industries, relevant experts, government officials, academia and other stakeholders from the community of eThekwini and surrounding areas.

Enquiries:
Mr Sidwell Medupe-Departmental Spokesperson
Department of Trade and Industry (the dti)
Tel: (012) 394 1650
Mobile: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
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