The Department of Trade and Industry (The dti)
Vision of the dti
"A dynamic industrial, globally competitive South African economy, characterised by inclusive growth and development, decent employment and equity, built on the full potential of all citizens".
Mission of the dti
The dti´s mission is to:
- Promote structural transformation, towards a dynamic industrial and globally competitive economy;
- Provide a predictable, competitive, equitable and socially responsible environment, conducive to investment, trade and enterprise development;
- Broaden participation in the economy to strengthen economic development; and
- Continually improve the skills and capabilities of the dtito effectively deliver on its mandate and respond to the needs of South Africa's economic citizens.
Strategic Objectives of the dti
the dti´s strategic objectives are to:
- Facilitate transformation of the economy to promote industrial development, investment, competitiveness and employment creation;
- Build mutually beneficial regional and global relations to advance South Africa´s trade, industrial policy and economic development objectives;
- Facilitate broad-based economic participation through targeted interventions to achieve more inclusive growth;
- Create a fair regulatory environment that enables investment, trade and enterprise development in an equitable and socially responsible manner; and
- Promote a professional, ethical, dynamic, competitive and customer-focused working environment that ensures effective and efficient service delivery.
These five strategic objectives will be achieved through the collective efforts of the dti´s internal divisions and its Council of Trade and Industry Institutions (COTII), which are linked through a value chain to generate public value for the country´s economic citizens and deliver high-quality products and services to the dti´s varied clients and stakeholders. These products and services include policies, legislation and regulations, financial support and investment incentives, information and advisory support, as well as value-added partnerships.
the dti also aims to achieve its objectives through the pursuit of a more targeted investment strategy; improved competitiveness of the economy; broadened economic participation of previously disadvantaged individuals (PDIs) into the mainstream economy; and policy coherence.
Core Themes of the dti
After careful examination of its institutional arrangements and capacity to fulfil its mandate,the dti has clustered its work on the basis of core themes, which collectively seek to promote a more effective and co-ordinated approach to implementation of the dti´s strategic objectives, for an enhanced and long-term impact on the South African economy and its citizenry.
The dti - DEFINITION OF THE CAPITAL EQUIPMENT SECTOR:
Capital Equipment is an intermediary sector that manufactures and supplies components (such as materials handling, environmental control, manufacturing process, drilling digging earthmoving) and/or complete plants in the following customer groups: mining, agriculture, construction, other processing industries (such as machine tools, tooling, pressure vessels, cyclones, pumps and valves) as well as utilities. It is complimented by the capital equipment services sector which provides the design and construction portion of the provision of solutions.
In order to be competitive maximum use is made of financial tools.
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