New Page 2
New Page 2

new-2
Economic Empowerment
Parliament
Industrial Development
Trade, Export and Investment
Financial Assistance
Legislation and Business Regulation
the
 

Media Statements

Government Pledges to Create an Enabling Environment for Innovators

2018-09-12
 
The Deputy Director-General of Special Economic Zones and Economic Transformation at the Department of Trade and Industry (the dti), Mr Sipho Zikode has pledged government’s commitment to create an enabling environment where-in the primary innovators will be able to express their talents in developing new innovative products and processes as part of the Fourth Industrial Revolution (4IR) initiatives. Zikode was delivering a keynote address at the official opening of the South African Innovation Summit (SAIS) that opened at the Cape Town Stadium in the Western Cape today.

The South African Innovation Summit is an annual ?agship event on the South African innovation calendar that nurtures, develops and showcases African innovation, as well as facilitate innovation thought-leadership.

Zikode also cautioned against the labelling of the 4IR as a monster that is hell-bent on taking away jobs and disrupting the conventional way of life.

“The world must embrace the 4IR because it is a new way of doing business that will be with us for a foreseeable future, and as government and society we should collaborate in creating the enabling environment for entrepreneurs to adapt and adopt the 4IR technologies for the creation of a better life for all,” said Zikode.
Zikode argued that traditional ways of industrial development and industrial financing must be overhauled as development funding institutions and commercial banks are too risk averse.

“I am sure you will agree with me that regardless of how well-designed your economic development strategy is and how well-crafted your industrial strategy is, if your strategy is not underpinned by deep entrenched innovation systems, you will always find yourself behind the curve when it comes to developing new globally competitive products and services,” he said.

Caption: The Deputy Director-General of Special Economic Zones and Economic Transformation at the Department of Trade and Industry (the dti), Mr Sipho Zikode delivering a keynote speech

Enquiries:
Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
Issued by: The Department of Trade and Industry
Follow us on Twitter: @the_dti