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Dr Rob Davies
Minister for Trade and Industry Republic of South Africa
South Africa is emerging as a global growth engine. What is your outlook on the global investment penetration in South Africa’s textile industry?
South Africa has been working very hard to promote itself and global investment destination but due to the poor state of sector in the last few years, significant investment has not been forth coming. With the recent turnaround in last three years, country has been experiencing new interest from foreign investors in the sector.
South Africa has joined BRIC club. How is this beneficial for its textile industry?
South Africa will benefit in the field of skill development. And, other BRICS countries have facilities for the textiles training up to tertiary education levels. They have universities, which have dedicated textiles departments and countries like India and China are global leaders in these disciplines.
African textile market has caught the attention of Chinese investors. How do you see its influence in South Africa?
Most Chinese investments are focused on trading rather than manufacturing, which is a big challenge for the country. Of late, there have been more inquiries in the investments into manufacturing especially in home textiles.
Moreover, which are those factors that are attracting Chinese investors? And, what are those motivating features of South Africa's textile industry, which can pull attention of global investors?
Most investors are now attracted by the South African position as the gateway into the African Continent and it makes more sense to manufacturer close to the vast market available, which currently is not fully serviced effectively.
How South Africa as a bloc in BRICS can be rewarding globally for exporting and importing countries?
South Africa can be used as a gateway into the broad African continent.
How much Gross Domestic Product (GDP) South Africa’s textile industry is contributing to its country’s economy?
Textile industry contributes approximately 2.8 percent of the country’s GDP.
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