At the recent World Economic Forum in Davos, Switzerland, CNBC Africa hosted a discussion on the role industrialisation plays in economic growth and social development in South Africa and Africa. The event will be televised on the CNBC channel on Thursday, 28 January.
Amendments to the National Environmental Management and the Mineral and Petroleum Development Acts will soon see a smoother process to licensing in the mining sector, improving the climate for investment in the country.
While India and Africa are successful trading partners, Africa mostly exports raw materials and resources. African trade officials are now calling for more Indian investment to boost industrialisation for development to competitively produce finished goods.