The Chief Director of Agro-processing and Forestry-based industries at the Department of Trade, Industry and Competition (the dtic), Ncumisa Mcata-Mhlauli says the Furniture Industry Masterplan has since been submitted to all relevant stakeholders.
She said that that it will arrive at finalisation and implementation in the coming months.
Mcata-Mhlauli made this remark during a Furniture Sector Forum webinar, which took place today.
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.
Mcata-Mhlauli said that the FIMP was centered around three-pillar which ranged from Market Access, Transformation and Improvement of Competitiveness.
“Some of the target objectives set for the Furniture Industry include the building of fast-growing, profitable, inclusive and sustainable South African furniture industry. To increase local production by 50% from current baseline levels by the end of 2021.
“The improvement of domestic and export sales by 100% from current baseline by end of 2024.
“The Increase of formal employment from current levels by 25% and doubling participation of black and/or women participants in industry by end of 2022,” she said.
She added that despite massive challenges that were posed by the COVID-19 pandemic, the dtic continued with the implementation of the Re-imagined Industrial Strategy Master Plans.
“Across all Master Plans, the dtic will continue focussing its efforts on supporting local manufacturers to increase local capacity in order to respond efficiently to the growing domestic demand and to reduce dependency on imports,” said Mcata-Mhlauli.
“We will also sharpen our non-financial support and focus efforts on addressing illicit trade, and the use of trade measures to support domestic industry, including strategic use of standards to secure markets for our products.
“The revitalisation of the economy requires a collaborative approach and strong partnerships between all spheres of government, business and labour, an approach already fully embedded in the Master Plan methodology and processes.”