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

Credible and Mordenised Institutions Significant to Building a World-Class Economy – DG October

2018-10-11
 
South Africa requires credible and mordenised institutions, that are responsive to ever-changing technologies to accelerate the ailing economy and to compete with the global partners. This was said by the Director-General of the Department of Trade and Industry (the dti), Mr Lionel October. He was addressing the 10th anniversary celebration of the National Regulator for Compulsory Specifications (NRCS) in Centurion today.

According to October, these institutions can enable the country to build an inclusive economy that responds to the need of all its people.   

“For South Africa to create a world-class economy and strong manufacturing base, we need world-class institutions that are credible, trusted, modernised and corruption-free,” he added.

October emphasised that this would require a focused approach and fostering strategic partnerships with industry role players who are compliant and act consistently without fear or favour against those that do not comply. October commended the NRCS management for having stabilised the organisation and encouraged them to speedily implement the modernisation process which he said was central going into the fourth industrial revolution.

“Effective enforcement of technical regulations is now more important for South Africa than ever as the country is persuing an open economic system. The implementation of unilateral trade measures by some developed nations has placed severe pressures on the work of technical infrastructure institutions. Against this background, the transformation imperative requires of the regulator to implement speedy processing of regulatory activities so as to allow new entrants to gain a foothold in the market while at the same time being able to effectively stem the tide of non-compliant products and downright dangerous products that are dumped in the market from abroad,” said October.

With relations to the Fourth Industrial Revolution, October said there was no reason for the institutions not to have world-class technology in managing standards. He further invited the NRCS to work closely with the department to develop measures and take advantage of opportunities brought by the advent of the 4th Industrial Revolution.

In highlighting some of the achievements by the NRCS in the past ten years, the Chief Executive Officer, Mr Edward Mamadise pointed out that the regulator has performed more than 500 000 surveillance inspections and approved more than 3 000 letters of authority for business to trade in the South African market.

“These inspections saved the economy millions of rands as they ensured that no unsafe products were traded during the period under review,” he added.

Despite these achievements, Mamadise also highlighted areas of improvement the regulator need to focus on in the near future such as, finalising the modernisation project, stabilising the organisation and also improve the NRCS’s financial performance.  


The Director-General of Department of Trade and Industry (the dti), Mr Lionel October addressing the 10th anniversary commemoration of the National Regulator for Compulsory Specifications (NRCS) in Centurion.

ISSUED BY THE DEPARTMENT OF TRADE AND INDUSTRY AND THE NATIONAL REGULATOR FOR COMPULSORY SPECIFICATIONS (NRCS).


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