The implementation of the Local Content Policy critical in directing R76 billion worth of public contracts to the South African manufacturers
The implementation of the local content policy since 2011 has to date assisted in directing R76 billion worth of public contracts to the South African manufacturers. In the absence of the local content policy, this public money could have otherwise been used to procure imported products thus externalising the South African fiscus and supporting foreign economies and jobs. This was said by the Chief Director of Industrial Procurement at the Department of Trade and Industry (the dti), Dr Tebogo Makube during a briefing to the Portfolio Committee on Trade and Industry which took place in Cape Town, today.