MOU between Chamber and Consumer Goods Council of SA signifies step towards fostering strong collaboration

news-602-nmbms24jun-7262.jpg
2024-06-06
Press Releases

The signing of a Memorandum of Understanding (MOU) between the Nelson Mandela Bay Business Chamber and the Consumer Goods Council of South Africa signifies a significant step towards fostering collaboration and synergy between these two key entities.

By combining their resources and expertise, the parties aim to strengthen the business environment not only within Nelson Mandela Bay but also to share learnings at a national level.

This partnership is particularly notable as it marks the first time these organisations will be working together, emphasising their commitment to building a more robust and sustainable business landscape.

The Chamber already has agreements and strong linkages nationally with leading organisations such as National Association of Automotive and Allied Manufacturers (Naacam), National Association of Automobile Manufacturers of South Africa (Naamsa), Automotive Industry Development Centre - EC (AIDC-EC), with the signing of Memorandum of Understandings (MoUs) solidifying some of these partnerships. In addition to this, the Chamber has fostered collaborative linkages with key stakeholders such as the Eastern Cape Development Corporation and the Presidential Climate Commission.

Chamber CEO Denise van Huyssteen said that these linkages and partnerships further promote the Chamber’s vision of advocating for the Metro’s developmental agenda at a national level. “What also underscores the partnership is the commitment to collaborate in identifying opportunities aimed at retaining and creating investment and jobs and a shared vision of retaining manufacturing locally and on a national level.”

This aligns with the Chamber’s Local Economy Reinvention Think Tank which is focuses on leveraging the Metro’s unique value proposition by positioning it as a Bay of Opportunity to remain competitive in the face of massive disruptive changes which are happening globally and locally.  

“Importantly, the goal is to position the Metro as a diverse manufacturing base on the African continent and the Consumer Goods Council of South Africa provides a solid base in this regard,” says Van Huyssteen.

Based on the latest figures, the Council represents over 9000 member companies in the consumer goods, retail and services sector, which is one of the largest employers in South Africa. It contributes R1 trillion to the R5 trillion of South Africa’s annual GDP, which is roughly 20% of the country’s economic production, and employs 2.5 million people, which is 16% of the national labour force.

“We are also encouraged by the Council's commitment in encouraging its members to participate in Chamber interventions, which are aimed at mobilising businesses to collaborate with stakeholders to find and implement solutions which improve the ease of doing business,” says Van Huyssteen. “This is all centred around utilising our respective strengths and reach to drive action and positive outcomes which serve the best interests of the economy.”

The Chamber has a number of interventions in place that are focused on addressing enabling environment challenges that impact the ease of doing business in the Metro. These are driven through its Task Teams and Geographical clusters where businesses within a particular area come together and identify areas of common interest and address them as a collective, rather than working in silos.

“As a business community we have hope in the future – we know that this is the Bay of Opportunity. It starts with all of us believing in the potential and taking action to drive things forward in the right direction,” she says.

Zinhle Tyikwe, CEO of the Consumer Goods Council of South Africa, hailed the partnership as a significant milestone that underpins the association’s focus on identifying opportunities to foster economic growth and social cohesion across the country.

“CGCSA has, through the CGCSA Foundation, committed to working and engaging with municipalities and metros to address such key issues as infrastructure bottlenecks, energy and water security, in order to retain and attract local investment. Through these interventions, our members who have significant operations across metros such as Nelson Mandela Bay will able to trade better, create value and jobs and sustain livelihoods. They can only do so if we forge mutually sustainable public-private partnerships based on a shared vision of inclusive growth which South Africa desperately needs,” says Tyikwe.