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Economic Development & Tourism Introducing the Western Cape’s Micro-Economic Development Strategy [MEDS] Lynne Brown 17 November 2004. … the two key issues confronting our people: creating work and fighting poverty.

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slide1
Economic Development & Tourism

Introducing the Western Cape’s

Micro-Economic Development Strategy [MEDS]

Lynne Brown 17 November 2004

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

1

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Economic Development & Tourism

The Global Economy

The Western Cape economy is less than one ten thousandth of the global economy

  • We are price takers
  • Our place in the Global “division of labour”

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

2

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Economic Development & Tourism

The Global business environment

There are very powerful forces operating in the global business environment

  • Currency fluctuations
  • Agricultural subsidies
  • Technological advances
  • Primary & Secondary sector job-shedding
  • Mobility of manufacturing plants and jobs

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

3

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Economic Development & Tourism

The Western Cape economy: 1

If the economy continues on its present trajectory without intervention, the future is bleak for the lower skilled workers and the unemployed

  • One in four potential workers unemployed: Youth, Over – 40’s
  • Lower capacity to absorb school leavers and low-skilled workers
  • A skills mismatch

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

4

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Economic Development & Tourism

The Western Cape economy: 2

  • High potential growth sectors vulnerable to exogenous shocks
  • Labour intensive sectors highly sensitive to currency fluctuations
  • Significant in-migration of lower skilled job seekers
  • Marginalization of the masses; low levels of participation

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

5

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Economic Development & Tourism

Where we want to be: 1

  • A growing, sustainable [globally competitive], labour

absorbing regional economy

  • Unemployment below 10 percent
  • A thriving, dynamic Culture of Entrepreneurship

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

6

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Economic Development & Tourism

Where we want to be: 2

  • All citizens participating fully at all levels of Ownership,

Control, Management and Employment within all sectors

  • Differently skilled workforce; able to cope well with

changes stemming from the global forces; able to

participate effectively in the global environment both here

and abroad

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

7

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Economic Development & Tourism

10 Year Targets

Number of enterprises created 15,000 to 30,000

Number of jobs created 200,000 to 450,000

Entrepreneurs/business operators enskilled10,000 to 12,000

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

8

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Economic Development & Tourism

How we get there: 1

  • Government and its social partners make extraordinary interventions in

the economy over the next 25 years

- Based on a fully integrated social and economic growth & development plan

for the Western Cape (iKapa elihlumayo)

- Such a plan integrates all the key strategies and approaches of the PGWC

seamlessly

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

9

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Economic Development & Tourism

How we get there: 2

  • A core component of such an integrated social and economic growth &

development plan is a rigorous, constantly updated micro-economic

development strategy

- which articulates possible interventions in economic sectors

[agriculture, clothing and so on] and in cross-cutting themes [HRD,

Small Business and so on]

- to shift the economy from its present trajectory to the achievement of

the vision

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

10

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Economic Development & Tourism

What it will contain: 1

  • A summary of the global, continental, SADC context and policy environment
  • The state of the Provincial economy
  • Current summary reports of the state of to sectors and sub sectors in the economy

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

11

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Economic Development & Tourism

What it will contain: 2

* State of the Province Transversal Theme Reports: Like The Impact of HIV/Aids, The Circumstances of the Majority of Black People in the WC, The Informal Economy, Economic-stimulatory Infrastructure Development, The Potential of Land Reform, The Western Cape Global Competitiveness Rating, and so on

* Proposed Interventions based on all three types of reports

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

12

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Economic Development & Tourism

What it will contain: 3

* Synthesis & conclusions

- A summary of the major thrusts of the MES

- Proposals around how synergies & coherency of recommendations may be

effected

- Prioritization of potential actions on behalf of PGWC and its social partners

and other spheres of Government

* Authoritative forecasts

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

13

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Economic Development & Tourism

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

14

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Economic Development & Tourism

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

15

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It eventually becomes:

- An authoritative basis for action and planning by all four social

partners, foreign economic players, analysts, researchers, planners

- An Oracle for FAQs about the Western Cape economy for economic

citizens

- The point of departure for 80 percent of the work of the Department of

Economic Development

Economic Development & Tourism

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

16

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Economic Development & Tourism

First sectors & themes: 1

Themes

  • Themes SMME Development
  • HRD to meet the needs of the economy

Primary Sector

  • Agriculture & Aquaculture
  • Fishing & mariculture

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

17

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Economic Development & Tourism

First sectors & themes: 2

Secondary sector

  • Metals & Engineering
  • Clothing & Textiles

Tertiary sector

  • Tourism
  • ICT

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

18

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Economic Development & Tourism

When it will be available

Version 1 01/05

* 6 Sectors

* 2 Themes

Version 2 06/05

* 16 Sectors

* 6 Themes

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

19

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Economic Development & Tourism

Contact us at:

E-mail: EcoHead@pgwc.gov.za

Telephone: 021 – 483 3840

… the two key issues confronting our people: creating work and fighting poverty.

Premier Ebrahim Rasool, April 2004

20