http://bricsjournal.com/wp-content/uploads/2017/05/ROB-DAVies-GCIS.jpg 682 1024 brics_admin http://bricsjournal.com/wp-content/uploads/2016/08/site_logo_retina.png brics_admin2017-05-26 14:39:192017-05-26 14:39:19SA's plan to boost investment in underdeveloped regions
South African Government wants to accelerate economic development in the country's underdeveloped areas by attracting investors to these regions.
The R42 million Babelegi Industrial Park project expected to be launched in Hammanskraal next week is one of the projects under the Revitalisation of Industrial Parks Programme which is aimed at attracting investment. The Babelegi Industrial Park boasts about 261 units available for leasing and 188 occupied by firms operating in textiles, engineering, construction, light manufacturing, warehousing and distribution. The Department of Trade and Industry Minister Rob Davies said the objective of the programme was to also create jobs in manufacturing and related sectors, the Citizen newspaper reported. “The dti has forged strategic partnerships for the implementation of the programme on a national scale working with the provinces, their agencies as well as municipalities,” Davies was quoted as saying by the newspaper. “In the case of Babelegi, the department is working with the North West Development Corporation, who are also the owners of the park. The City of Tshwane has also played a strategic role in ensuring the smooth implementation of the programme,” he said.