MEMSA: Local procurement crucial to economic recovery

 

Local procurement will be crucial if local companies are to benefit from the increased gold mining activity and the resultant increase in mine-related purchases, stresses industry body Mining Equipment Manufacturers of South Africa (Memsa).

“We support the Economic Reconstruction and Recovery Plan’s focus on local procurement as key to rebuilding the national economy and enabling further development,” says Memsa vice chairperson Christina Zondi. She adds that such policies need efficient implementation mechanisms to bolster a reignition of the sector and, subsequently, the broader South African economy. Additionally, Zondi stresses that for South African manufacturers to sustain and expand production while keeping pace with the rapid digital transition in mining and its associated supply chains, it is essential that suppliers have quality and relevant skills on hand.