Top Companies demonstrate insightful progress made in the driving of the NDP

Online since 9.06.2016 • Filed under Industry news
Top Companies demonstrate insightful progress made in the driving of the NDP

The first day of the two-day Vision 2030 Summit presented the progress that companies have made in the implementation of the NDP through the hosting of industry-focused groups from different sectors within South Africa.

With the education breakaway session, CURRO Holdings highlighted the importance of partnership between the state and the private sector. They also focused on the model of independent schools to free up space from overcrowded states schools; reduce state spend on the building of new schools and the lowering of the teacher and pupil ratio. The need to open dialogue and implement proper planning was emphasised as a crucial factor in the success of SA’s schooling system.

In the ICT breakaway session, it was stated by CEO, Vernon Thaver that technology will drive all to become a place where every person, place and organisation will be digital. An example of this was demonstrated by the R6-billion that was spent on improving infrastructure by Telkom to expand technology into rural areas. Zachariah George, MD of Startupbootcamp Africa corporate previously viewed start-ups as either insignificant or eventual competition and that this would have to change through collaboration.

At the Mining Breakaway session hosted by Anglo American, it was agreed by the panellist that half of the NDP’s core objectives could be traced back to the mining sector. Due to this, the mining sector has a lot to contribute to the socioeconomic development of South Africa towards the year 2030.

However, due to both local and international markets, there is a shift in demand and a drop in commodity prices which has greatly affected the mining sector in South Africa. The head of Anglo American stated that diversifying is necessary, but that it comes in many forms: ‘’This vision is a collective roadmap and all sectors must come together for inclusive growth’’. This includes ‘’soft’’ infrastructure investment in education, technology among many others. Anglo American used this opportunity at the Vision 2030 Summit to emphasise their commitment to the NDP as well as express their enthusiasm for the mining sector as well as the socioeconomic growth of the country.

Day two of the Summit will continue tomorrow with an opening address by Minister Malusi Gigaba and a keynote address by Minister Jeff Radebe who will focus on the implications of the NDP on the regional economy. Key sectors that are at the core of the NDP will be discussed at the industry- focused groups, including manufacturing and mining, with esteemed panellists from each of these sectors.

For more information or to attend, please contact Micheline Frantz – Micheline.frantz@topco.co.za or call 078 417 2449.

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