Categories: GovernmentNews

Ramaphosa to Champion Local Industries at Annual Buy Local Summit

  • President Cyril Ramaphosa will deliver a keynote address at the Localisation Dinner, emphasizing the importance of supporting local industries at the Buy Local Summit.
  • The Buy Local Summit, hosted by Proudly South African, serves as a platform to promote locally made products and encourages public procurement of indigenous goods and services to drive economic growth.
  • The Localisation Dinner honors companies committed to increasing local procurement, aligning with President Ramaphosa's call to bolster South Africa's domestic industries, while also providing an opportunity for new pledges and commitments from business leaders.
Published by
Miriam Matoma

President Cyril Ramaphosa is set to take the podium on Tuesday, poised to deliver a compelling keynote address at the highly anticipated Localisation Dinner. This event marks the culmination of the 12th Annual Buy Local Summit, a cornerstone gathering in South Africa’s economic calendar, situated at the prestigious Sandton Convention Centre in Gauteng.

Spearheaded by Proudly South African, the Buy Local Summit stands as a beacon for locally crafted products, spanning a spectrum from burgeoning small to medium-sized enterprises to established government bodies and corporate giants. It serves as a vital conduit for fostering connections between producers and consumers, amplifying the significance of indigenous industries.

At its core, the summit underscores the pivotal role of public procurement in propelling economic prosperity through the promotion of homegrown content. It advocates for a shift in mindset within corporate circles, urging them to prioritize the patronage of domestically manufactured goods and services.

Drawing from the resounding success of the inaugural Localisation Dinner in March 2023, Proudly South African continues its unwavering commitment to championing the cause of localisation. This year’s iteration promises to be even more impactful, spotlighting and celebrating companies that have exemplified dedication towards enhancing local procurement within their supply chains.

Aligned with President Ramaphosa’s impassioned call to fortify domestic industries, the Localisation Dinner serves as a platform for recognition and inspiration. It serves as a rallying point, galvanizing the private sector and business luminaries present to reaffirm their allegiance to the localisation agenda.

Beyond mere accolades, the dinner holds the promise of fostering tangible outcomes. It offers an opportune moment for stakeholders to step forward, making fresh pledges and commitments towards bolstering the nation’s economic backbone. These pledges are not just symbolic gestures but concrete actions that hold the potential to catalyze meaningful change within the economic landscape of South Africa.

In a country brimming with entrepreneurial spirit and innovation, initiatives like the Localisation Dinner stand as testaments to the collective resolve of South Africans to carve out a future defined by self-sufficiency and resilience. As the global economic landscape continues to evolve, embracing and nurturing local industries emerges as a strategic imperative for sustainable growth and development.

For attendees of the Localisation Dinner, the event transcends mere networking opportunities; it symbolizes a shared vision for a prosperous South Africa built on the foundation of indigenous ingenuity and enterprise. It is a call to action, beckoning all stakeholders to unite in solidarity towards a common goal: the empowerment and advancement of local industries.

As President Ramaphosa steps onto the stage, his address carries with it the weight of expectation and hope. It is a moment of reflection, a testament to the progress made thus far, and a clarion call for continued collaboration and commitment. In his words, lies the promise of a brighter tomorrow, where the fruits of local labour enrich not only the economy but the very fabric of South African society.

In conclusion, the Localisation Dinner stands as a testament to South Africa’s resilience and determination to chart its own course in the global arena. It is a celebration of homegrown talent, innovation, and entrepreneurship. As the nation gathers to honour its champions of localisation, let it serve as a reminder of the boundless potential that lies within the collective spirit of the South African people.

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Miriam Matoma

Miriam is a freelance writer, she covers economics and government news for Rateweb. You can contact her on: Email: miriam@rateweb.co.za Twitter: @MatomaMiriam