12 Inside BUSINESS CAPE TOWN Manufacturing is a critical component of the South African economic policy and also important in creating and ensuring that there are jobs in the economy, Minister of Trade and Industry Dr Rob Davies has said. A statement from the Department of Trade and Industry (DTI) on Wednesday, said Davies was speaking during a mittee on trade and industry on the state of manufacturing, World Trade Organisation and the Industrial Policy Action Plan (IPAP), in parliament. According to the minister, although the production of digital and changes in manufacturing technologies has led to the decline in the sector, there was still an improvement and very strong linkages and multipliers to the service sectors that still sustain jobs in the economy. “Though the sector has many challenges and the economy is not performing as well as it ought to be performing, the performance in the manufacturing sector is clearly doing a lot better than it would have been if we haven’t been doing the things we have been doing over the last few years, especially the intervention in the automotive sector, clothing and textile, agro-processing, outsourcing (BPO) and others,” said Davies. Davies reiterated that there was a need to bring about change in the structural characteristics of the South African economy, especially in the manufacturing sector, as well as in the patterns of ownership of participation and inclusion in it. “Government will not be able to achieve a high level of more inclusive economic growth as long as we are producers and exporters of primary commodities. We will need to develop a much more tightly coordinated and supportive environment premised on policy and programmatic certainty if we are to convince the private sector to invest heavily, create jobs and ignite inclusive growth,” he said. He added that tools and programmes like the Black Industrialists and Public procurements have addressed some of the weaknesses and challenges in the sector, and seen important gains in manufacturing and localisation. The minister further pointed out that there are many issues that have been cited around the question of investment country and how it has been addressed. “Government has been working on sectoral levels and with the sector to try to with manufacturers,” he said. “The key focus for government moving forward will be localisation, and the department’s concern is to always try to do what it can to exert cision which will undermine localisation.” - Nampa/ANA Thursday, November 30 2017 | NEW ERA Capital equipment JOHANNESBURG Mining and construction equipment firm eXtract Group on Tuesday reported a R2.013 billion loss for the 14-month period ended 31 August 2017, and said it was on track to transition into a mining fund. The company, which provides equipment and related services in South Africa and the rest of the continent as well as Great Britain and Ireland, said last week it was in the process of exiting all its current contract mining contracts, and disposing of further excess assets and changing its strategic direction to an investment fund. On Tuesday, eXtract said it had terminated all mining contracts except for two which were ending in November 2017, as it transitions into a focused mining fund as part of a restructure and recapitalisation programme approved by shareholders in August. “Over the past 14 months the operating environment for contract mining has been particularly challenging, with the group continuing to report operational losses at certain operations,” it said. “All contracts will be concluded by 30 November 2017 and the group will then focus on the monetisation of its assets held for sale to settle outstanding debt obligations.” It said its board had not declared a dividend given the company’s performance and change in strategy. – Nampa/ANA “People don’t follow people by accident. They follow individuals whose leadership they respect” John Maxwell. GUINAS INVESTMENTS (PTY) LTD Guinas Investments (Pty) Ltd Board of Directors and Management congratulate the newly elected SWAPO Party top four leadership and the entire membership of the Central Committee, under the stewardship of President Hage G. Geingob. The Party believes in your leadership!
NEW ERA Inside BUSINESS 13 Tough-looking Triton Xtreme Limited Edition unveiled Mitsubishi Motors has taken customer feedback to the extreme with the launch of a thrilling and very limited edition of the popular Mitsubishi Triton Xtreme, available in limited numbers in 4x4 and 4x2 double-cab body styles. A personalised bakkie, with a host of additional practical equipment offering outstanding added value, as well as looking the part, the latest Xtreme Limited Edition from the Mitsubishi family caters for the needs and requirements of bakkie buyers who want to stand out from the crowd and be unlike most other drivers in their everyday bakkies. “This Xtreme Limited Edition is a local development, based on customer research from the launch of the new Triton earlier this year,” says Nic Campbell, General Manager of Mitsubishi Motors South Africa (MMSA). “With this new limited edition derivative, we offer traditional bakkie lovers a customised bakkie developed to their personal taste.” The new Triton Xtreme Limited Edition has its own, unique personality and adds massive value in the form of over N 000 worth of additional features and accessories as part of the distinctive body kit. However, this factory-installed body kit will cost buyers a mere N 000 more than the listed retail price of the standard Triton double-cab “The bold design of this special edition body kit does not only offer a distinctive look, but it also makes the strapping Triton Xtreme stand out in a crowd of macho-looking bakkie rivals,” says Campbell. “Present-day bakkies, with their car-like drivability and the standing of the modern-day double-cab bakkie owner because of the multiple lifestyle and practical benefits of its tion,” he says. The new Triton Xtreme Limited Edition has its own, unique personality and adds massive value in the form of over N 000 worth of additional features and accessories as part of the distinctive body kit. “Triton is known for offering a lot of added-value with many additional features included at no cost as part of its standard new bakkie owner a customised, limited edition bakkie with a tion included in the base retail price, lets the Triton Xtreme not only stand out as an extreme physical competitor, but also a great value purchase,” states Campbell. The Triton Xtreme is the ideal vehicle to grab up now before the rush to dealerships ahead of the upcoming holiday season, elaborates Campbell. “Many of the items included in the Triton Xtreme Limited Edition package, such as the exclusive black and chrome alloy wheels, he says, adding that it now is part and parcel of the exciting new limited-edition package. The imported body kit offers additional protection for high-risk components such as the front and rear lights, the grille and bonnet, on off-road excursions. Photos: Quickpic introduced in the middle 1990s as part of the popular Colt bakkie range. Since then it has become synonymous with Mitsubishi bakkies and sought-after limitededition products in our brand’s product range. This year’s Triton Xtreme Limited Edition is the fourth time the Xtreme brand has been employed to customise a limited number of bakkies for the extremely discerning bakkie driver.” With its class-leading, all-new 2.4-litre MIVEC turbo diesel engine kicking up a storm with 133 kW at 3 500 rpm and peak torque of 430 Nm at 2 500 rpm which is usually only found in bigger capacity diesel-engine competitors, the unique bodystyling kit and aggressive new stance because of the impudent black and chrome alloy wheels the latest Triton Xtreme Limited Edition the ideal bakkie to be seen in during everyday adventures. Apart from letting the Triton Xtreme bakkie stand out from the crowd, the imported body kit offers additional protection for high-risk components such as the front and rear lights, the grille and bonnet, wheel arches and tailgate, protecting it against excursions. The Xtreme Limited Edition package comprises of the body styling kit which protects the key areas of the bakkie, as well as additional practical accessories to enhance the already good looks and versatility of the new Triton - all at a fraction of the price compared to that of the individual items used to spruce up this limited edition. The Triton Xtreme Limited Edition is available in 4x2 and with the 4x4 derivatives available in manual- and automatic transmission. “The Xtreme package includes some of the highest-cost additions new owners often opt for when they order their new vehicles, but now form part of the latest special-edition Triton Xtreme Double Cab at a fraction of the cost,” concludes Camp- quality-checked by Mitsubishi SA, using imported body kits, which means all the additional Xtreme accessories are covered by the original manufacturer’s factory warranty.” - Quickpic FLY TO POPA FALLS FOR 2 NIGHTS Get the experience of a lifetime for only N$ 4200 per person. Book our Fly to Popa Falls special today. This offer includes a 50% discount on accommodation for two nights at Popa Falls Resort, a free game drive, an Air Namibia return plane ticket from Eros Airport to Rundu Airport. This promotion also includes breakfast, lunch and dinner for two days. 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