The Minister of Trade, Industry and Competition, Parks Tau, virtually addressing the inaugural National Policy Dialogue on Innovation and Industrialisation in Johannesburg on Friday.

Minister of Trade, Industry and Competition, Parks Tau, has called for stronger partnerships between government, industry, academia and labour to help South Africa convert innovation into industrial capacity, economic growth and job creation.

Speaking at the inaugural National Policy Dialogue on Innovation and Industrialisation on Friday, Tau said South Africa faces a critical moment as technological advancements, geopolitical shifts and the global transition to greener economies reshape industries and patterns of growth around the world.

The dialogue was hosted by the National Advisory Council on Innovation (NACI) in partnership with the Department of Science, Technology and Innovation, the Department of Trade, Industry and Competition and the OR Tambo Special Economic Zone.

“We gather at a pivotal moment for South Africa and the global economy. Around the world, technological change, shifting geopolitical dynamics, climate imperatives and digital transformation are reshaping industries, value chains and patterns of economic growth,” Tau said.