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NATIONAL NEWS - Trade, Industry and Competition Deputy Minister, Nomalungelo Gina, says South Africa’s furniture industry masterplan has the potential to reposition the country in the sector.
Gina made the remarks while delivering a keynote address on Wednesday during the second day of the Buy Local Summit and Exhibition.
The Furniture Industry Master Plan (FIMP) was established to set clear guidelines and targets for the furniture manufacturing industry, as well as guide public sector procurement as part of government’s efforts to support and stimulate the industry.
She noted that the industry in South Africa sits firmly within the manufacturing sector of the national economy. While its contribution was at less than 1% to the GDP when compared to other manufacturing industries, it is a relatively low capital investment requiring job.