October 2022

The development of new industry sectors in South Africa is vital as people hunt for new skills in modern sectors, that will allow them to gain sustainable employment. Embracing digital and the Fourth Industrial Revolution is one thing, but driving skills development in much-needed sectors – where there is economic opportunity but lacking knowledge – is another. Thankfully, this idea is being embraced by some as they look to utilise existing infrastructure to pave the way for development.

At the Port of East London, run by Transnet National Ports Authority, new Port Manager Sphiwe Mthembu is hoping to increase capacity and efficiency but also create new sectors including a marine repair and rebuild industry by regenerating the back of port area.

The Department of Forestry, Fisheries and Environment (DFFE) began a campaign sometime ago to manage the process of recycling waste electrical and electronic material. This has resulted in the growth of ERA – the Ewaste Recycling Authority. From here, new strategies and plans are being put in place by producers all over the country as they look to assist in the mitigation of harmful e-waste. This new concept for South Africa promises economic development and new industry creation in the recycling space.

Concord Retail Solutions is looking at new refrigerant gases for its products, mainly CO₂. While expertise in this area is still underdeveloped in SA, this is a company pushing to make the most of the opportunity as clients demand environmentally friendly products.

Barloworld is innovating in the financial space, listing gender-linked bonds on the JSE to fuel female empowerment schemes. Creating new ideas and succeeding in previously unexplored territories is the way to get ahead, and demonstrates real entrepreneurialism.

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