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South Africa: Localisation Is Key to Innovation

Localisation drives innovation within societies, said Trade, Industry and Competition Minister Ebrahim Patel. Speaking at the Proudly South African Buy […]

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Localisation drives innovation within societies, said Trade, Industry and Competition Minister Ebrahim Patel. Speaking at the Proudly South African Buy Local Summit and Expo, held at the Sandton Convention Centre, Patel emphasized that the government has a role in encouraging localisation. “We need to get the private sector to embrace localisation and do more on the procurement side,” he said. He noted that the various masterplans available provide opportunities for private‑sector involvement and urged businesses interested in localisation to contact the government. Patel added that localisation also creates jobs and highlighted the private sector’s important role in growing the economy. “I urge you to publicly advocate the great work that South African businesspeople, small businesses and workers are doing,” he said, expressing hope that the 11th edition of the summit would celebrate localisation and the country’s capabilities.

In his welcome address, Gauteng Premier Panyaza Lesufi said the provincial government is working hard to address crime and create a conducive environment for business. “We have acquired all the necessary resources to deal with the problem of crime in the province,” he explained, noting that crime hampers business growth and the broader economy. Lesufi called for decisive action, urging stakeholders to move beyond “cheap talk” and support businesses swiftly. He also highlighted the decision to abolish e‑tolls in Gauteng, saying it will ease business operations. “If we invest in our township economy and local businesses, we will create opportunities to grow our economy. We want to provide all the necessary services and support to local businesses,” he affirmed.

Proudly SA Chief Executive Officer Eustace Mashimbye expressed excitement about returning to a physical format for the summit and expo after the COVID‑19 pandemic. He encouraged consumers to attend the two‑day event, noting that it will be insightful, add value for aspiring entrepreneurs, and offer networking opportunities with large corporates in South Africa. The #BuyLocalSummit2023 shines a spotlight on sectors that impact the economy and job creation, under the theme “Growing the Economy and Creating Jobs through Localisation.” The second day will focus on the expanding e‑commerce space and consumer preferences for convenient, low‑interaction product delivery. Various companies and small‑ and medium‑sized businesses are showcasing their services and products on the exhibition centre’s ground floor.

Ifunanya

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