Radical transformation must take digital disruption into account, says Davies
The trade and industry minister says SA needs to re-industrialise because of changes in value chains
Trade and Industry Minister Rob Davies says the ANC’s policy of radical economic transformation has to include an understanding that there are currently disruptive changes in the nature of production due to technology. He told guests at the Progressive Business Forum’s business breakfast at the ANC conference that although SA did not have cutting-edge digital capabilities‚ the country needed to re-industrialise because of changes in value chains. He said raw materials, which are SA’s economic backbone, would have less value and that was why the economy needed to be diversified.