During his Budget Vote address on June 23, Trade, Industry and Competition Minister Parks Tau noted that the Department of Trade, Industry and Competition (dtic) and its entities attracted R647-billion in investment in the 2025/26 financial year against a target of R450-billion – exceeding the target by 44%.
At the sixth South Africa Investment Conference in March, Tau noted, R415-billion in new investment projects were recorded.
“Our ambitious R3-trillion investment mobilisation drive to 2030 is on track,” he said.
During his address, Tau highlighted the adoption of the Industrial Development Strategy as charting the direction of the country’s growth path, expressing that South Africa is re-industrialising through diversification, decarbonisation and digitalisation.
In diversifying trade, the Minister said the department was increasing the capacity of South Africa’s exporters by providing integrated export awareness, training, coaching and mentorship, incubation and acceleration interventions.
