“South Africa currently imports around R1.1 trillion of goods. If we were to manufacture just 10% of these goods locally, it is estimated that we could add 2 percentage points to our annual GDP.”
Yesterday, President Cyril Ramaphosa presented South Africa’s Economic Reconstruction and Recovery Plan to parliament.
The President specifically referred to the country’s vibrant BPO sector and confirmed that government had positioned South Africa as one of the most attractive destinations in the world for global business services, and indicated that it is viewed as a key sector, capable of rolling out job-creation quickly and having a great impact on economic recovery.
“We have positioned South Africa as one of the most attractive destinations in the world for global business services.”
The President also called on every South African to contribute to the post COVID-19 recovery effort by choosing to buy local goods and support local businesses.
South Africa currently imports around R1.1 trillion of goods, excluding oil, each year. If the country were to manufacture just 10% of these goods locally, it is estimated that it could add 2 percentage points to their annual GDP.
The NEDLAC agreement commits all companies and government entities to publicly disclose in their annual reports the value of procurement from local producers and on steps to be taken to improve localisation.
President Ramaphosa also welcome the commitment by trade unions to ensure that their investment companies will increasingly invest in companies that buy from local manufacturers.
He also announced that social partners had also agreed to support a massive ‘buy local’ campaign for this festive season, and that as government they will support the efforts by organized business to establish supplier development programmes for large companies and in key sectors.
“We call on every South African to contribute to our recovery effort by choosing to buy local goods and support local businesses.”
To help realize the huge potential that local manufacture could achieve, he pointed out that this was something that each and every one of us can do to contribute to building a new economy, and social partners had agreed to prioritize a range of consumer and industrial products for local procurement.
The presidents speech should be viewed as a well-earned thumbs up by the BPO sector that has historically proven itself to be an active partner of the public sector and one that invests much time and energy into growing the economy and creating employment.
South African technology manufacturing companies like Crystel Headset, with their assembly hub in Cape Town, offer world class locally manufactured BPO products at competitive prices, and have over 90% local content.
With a history of nearly three decades in the sector, the only manufacturer of professional BPO headsets in Southern Africa has the capacity, the experience and the ability to quickly scale operations and increase their output to meet market demand.