The Regional Productivity Awards winners will be announced at a function to be held at Accolades Boutique Venue in Midrand on 15 September 2017. The entity responsible for promoting productivity within South Africa, Productivity SA, will award best performers at a ceremony which will culminate in the regional award winners participating in the National Productivity Awards to be held in Gauteng on 20 October 2017.
The Chief Executive Officer (CEO) of Productivity SA Board, Mothunye Mothiba says “The awards are intended at recognising organisations making significant contribution towards the creation of decent employment in South Africa”. Awards will be conferred in the corporate, emerging, public and cooperative sectors.
The regional awards provide a platform to inspire a competitive and productive South Africa. Productivity improvement is considered the most effective way of ensuring ongoing competitiveness, economic growth and the creation of decent employment.
South Africa currently faces major challenges such as a need to create employment opportunities, stimulate economic growth and reduce poverty. If South Africa is to reduce unemployment and poverty whilst stimulating economic growth, the country should place emphasis on developing productive capacity in all sectors of the economy.
Productivity SA is established in terms of section 31 (1) of the Employment Services Act, No. 4 of 2014 as a juristic person with the mandate to promote employment growth and productivity thereby contributing to South Africa’s socio-economic development and competitiveness’.
As part assessing productivity of entities, Productivity SA has developed various tools and models that includes measurement tools that determine to what extent an organisation’s financial performance is influenced by price recovery and productivity.