South Africa in multi-million Rand to refurbish parks

Industrial Parks Revitalisation

Industrial Parks Revitalisation

PRETORIA, (CAJ News) – THE South African economy is poised to benefit from the R80 million the Department of Trade and Industry has allocated to resuscitate and refurbish the country’s industrial parks.

The Director-General of the Department of Trade and Industry (DTI), Lionel October, disclosed the ambitious programme at an Industrial Parks Revitalisation workshop the DTI in Pretoria this week.

According to October, industrial parks represent an opportunity for stimulating local economic development.

He said they further offered an opportunity for the influx of foreign investment and employment creation.

“Industrial parks are one of the most important factors supporting positive economic development.

“There is a need to stimulate industrial growth within the regions including the current operating areas of the industrial parks some of which operate close to townships, distressed mining towns and labour-sending areas,” said October.

He added that the resuscitation on industrial parks would create employment opportunities for locals.

The workshop in Pretoria was aimed at developing a collaborative approach with stakeholders towards the enhancement of industrialisation in the lagging regions of South Africa.

– CAJ News

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Posted by on Jul 15 2015. Filed under Construction, Finance, Finance & Banking, Mining & Engineering. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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