President Jacob Zuma referred to our "collective responsibility" to get the economy to perform at
its full potential. South Africans can support the economy by buying a locally made products –
each purchase stimulates demand and builds our industries and creates jobs.
South African Airways will allocate at least 50% of its procurement budget of R20-billion over the
next three years to black industrialists. The decision has been welcomed by business and
The next step in South Africa's big fast results plan, Operation Phakisa, targets the mining
sector. Work begins in August. In the run-up to the first collaborations, the final Mining Charter
report has found that many rights holders are not meeting the charter targets.
Black industrialists are to benefit from a R23-billion fund, while the Industrial Development
Corporation has earmarked R100-billion over five years to grow industrialisation, transformation
and job creation. The moves are intended to bring more South Africans into the economic
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