Thank you, hon Madam House Chair. The DTI's Ipap is supported by the IFP as a relevant policy to improve industrialisation and to fight unemployment. Gone are the days when South Africa's raw materials flooded international markets, only to be processed and brought back to South Africa as finished products, where they would be sold at exorbitant prices. The IFP appeals to government to help subsidise service providers, if they want them to compete favourably on the international market. This is because South African industrialists are competing with Brics countries, which are heavily subsidised.
In conclusion, the government is urged to provide other incentives, such as tax rebates and discounts on electricity bills, to encourage overseas investors to invest in South Africa. I thank you.