Trade and Industry
The incentives and efforts of various corporations promoting the state worldwide drew many companies with diverse products.
Industries ranged from vehicle manufacturers producing components for their South African-based production lines, to ceramic plants and sophisticated laboratories.
Apart from providing valuable employment for the country’s workforce, these viable industrial sectors replaced imports and promoted export income. Government also created a tax base from which it could draw its revenue in order to finance its services to the nation.
In addition to this, the Bophuthatswana government offered handsome incentives to attract investors to the country.
The stable political atmosphere, an almost inexhaustible supply of labour and raw materials, and excellent infrastructure and markets on Bophutshatswana’s doorstep, lured investors from afar.
Eight designated industrial development areas existed in the country where the majority of industries were involved in clothing and textile manufacturing, as well as furniture production. The rest were all connected to engineering, assembling, moulding and printing.
Government’s new incentive package for small manufacturers, which came into effect during 1985, acted as a catalyst for further industrial growth throughout Bophuthatswana.
The Department of Manpower played a key role in helping the country’s population realise their full potential as skilled workers.
A wide range of courses was offered including trade, technical, administration, commercial, craft and catering tuition.
A cash grant system existed for companies which undertook private training schemes which were approved by the registrar of training.
The commerce branch of the Department of Economic Affairs promoted trade, established new concerns, and created an appropriate environment for participation.
Some of this Department’s highlights included:
Many industrialists believe a vital factor contributing to a country’s economic success is the government’s official attitude encouraging free enterprise, and the spirit of free enterprise was also an important concept in Bophuthatswana. Hence a council for Consumer Affairs was established to ensure that it continued and fostered economic development.
This council circumvented unfair trade practices and educated both buyers and suppliers in sound consumer behaviour.
The Yabeng Investment Company, which was launched in June 1983 by Kgosi Lucas Manyane Mangope, was a vehicle whereby the public could purchase shares in Bophuthatswana’s best known commercial companies.
With this investment opportunity the needs of small, and often first time, investors were met by government.
With the formation of Sun International (Bophuthatswana) 1979 (Sun Bop) several important developments had been completed within 10 years.
In addition to this complex, Sun Bop built:
Mining also played a major role in the economic development of Bophuthatswana and by March 1976 no fewer than 34 mines – including five platinum mines employing more than 53 000 people – were being worked.
The Bophuthatswana Chamber of Industries and Mining was established in 1979. Its objectives were:
More than 65 000 people were placed in jobs in the country while the contract of employment for more than 174 000 people were attested for work outside Bophuthatswana.
The apprenticeship division of this Department:
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