Department: Trade & Industry - ensuring an economy that benefits all
The dti's vision is of a South Africa that has a vibrant economy, characterised by growth, employment and equity, built on the full potential of all citizens. To achieve this, the dti has become an outwardly focused, customer-centric organisation.
The purpose of the dti is to:
- Provide leadership to the South African economy through its understanding of the economy, its knowledge of economic opportunities and potential, and its contribution to ASGISA.
- Act as a catalyst for the transformation and development of the economy and respond to the challenges and opportunities of the economic citizens, in order to support the government's economic goals of growth, employment and equity.
- Respond to the challenges and opportunities in the economy and society.
- Provide a predictable, competitive, equitable and socially responsible environment for investment, enterprise and trade.
- the dti's key strategic objectives
One of the most important new policy developments for the dti was the release of 5 key medium-term strategic objectives over the 2006 to 2009 period.
They are to:
- Promote coordinated implementation of the accelerated and shared growth initiative;
- Promote direct investment and growth in the industrial and services economy, with particular focus on employment creation;
- Contribute towards the development and regional integration of the African continent within the Nepad framework;
- Promote broader participation, equity and redress in the economy; and
- Raise the level of exports and promote equitable global trade.
These 5 strategic objectives will be achieved through the collective effort of the dti's divisions and agencies, which are linked through a value chain to generate public value for economic citizens and to deliver products and services for their clients and stakeholders. These products and services include policy, legislation and regulation, finance and incentives, information and advice, and partnerships. the dti will also achieve its objectives through the pursuit of a more targeted investment strategy; improved competitiveness of the economy; broadened economic participation of previously disadvantaged individuals to the mainstream economy; and, policy coherence.