The government, big businesses, and South Africans need to buy locally produced goods to support job creation, higher economic growth and tackle poverty, Deputy President Cyril Ramaphosa says.
“If we want our economy to grow, then we need to buy more locally made goods,” he said at a Proudly SA Buy Local annual summit recently, “When you buy locally made goods, it increases the level of employment and it means local people get jobs and then they earn decent wages … and in the end this forms an economic zone.”
The statement comes in a week where it emerged that most of the US chicken products that hit the shelves this month were going to be sold to low-income groups. He‚ however‚ did not touch on the US chicken products. He said SA’s economic growth would remain weak if the country continued to favour imported products.
“We should begin to be choosy‚ be discerning buyers and focus on where things are made and if things are made in SA‚ we should say it is made in our country and this is what we should buy.”
Speaking at the same summit, Small Business Development Minister Lindiwe Zulu said small businesses could play an important role in economic growth if given the right support. A R12bn investment by the government could create 300 small businesses and 300,000 jobs for the youth, she said.