The Minister of Trade and Industry, Dr Rob Davies says South Africa needs to address the challenge of the current account deficit by increasing the export of the country's value added products. Minister Davies was speaking at the launch of the National Exporter Development Programme that was hosted by the Department of Trade and Industry (the dti) at the Royal Elephant Hotel in Centurion, Pretoria today.
"Recent trade statistics show that as a country we are importing more than what we are exporting and this means that we have our work cut out to reverse this trend. We need to increase our exports, particularly the export of value added products. We need to capture all of the South African market by encouraging the manufacturing, procurement and consumption of the proudly South African products. We need to reduce the volume of imports by giving preference to the SA goods," said Davies.
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