The Department of Trade, Industry and Competition (the dtic) was established in June 2019 by the incorporation of the Department of Economic Development (EDD) into the Department of Trade and Industry (the dti).
The mission of the Department of Trade, Industry and Competition (the dtic) is to promote structural transformation, towards a dynamic industrial and globally competitive economy; provide a predictable, competitive, equitable, and socially responsible environment, conducive to investment, trade, and enterprise development; broaden participation in the economy to strengthen economic development; and continually improve the skills and capabilities of the dtic to effectively deliver on its mandate and respond to the needs of South Africa’s economic citizens.
The Department’s strategic objectives are to: facilitate the transformation of the economy to promote industrial development, investment, competitiveness, and employment creation; build mutually beneficial regional and global relations to advance South Africa’s trade, industrial policy, and economic development objectives; facilitate broad-based economic participation through targeted interventions to achieve more inclusive growth; create a fair regulatory environment that enables investment, trade and enterprise development in an equitable and socially responsible manner; and promote a professional, ethical, dynamic, competitive and customer-focused working environment that ensures effective and efficient service delivery.