The South African Cultural Observatory (SACO) was given a boost with last week’s release of the UN’s Creative Economy Outlook and Country Profile report, giving the institution a fitting recognition.
The United Nations Conference on Trade and Development (UNCTAD) report highlights the trends in the international trade in the cultural and creative industries, and provides profiles for different countries with respect to performance and contribution of these industries in the various economies.
On the release of the report, Secretary-General of UNCTAD, Mukhisa Kituyi, commented that “the creative economy is recognized as a significant sector and a meaningful contributor to national gross domestic product. It has spurred innovation and knowledge transfer across all sectors of the economy and is a critical sector to foster inclusive development”.
“The creative economy has both commercial and cultural value. Acknowledgement of this dual worth has led governments worldwide to expand and develop their creative economies as part of economic diversification strategies and efforts to stimulate economic growth, prosperity and well-being”, added Kituyi.
Some key report highlights relevant to South Africa are the following:
SA Cultural Observatory Executive Director, Unathi Lutshaba said “we are extremely proud and humbled that an organisation of the stature of the United Nations Conference on Trade and Development has recognised the work that the Observatory has been doing since its 2014 establishment”.
“In comparison, we are a young organisation that has yet to fully develop. We are thus encouraged that our work has found resonance an organisation of the stature of the UN. With this recognition, we can only grow and continue to make a meaningful contribution to the cultural and creative industries sector in South Africa, given the sector’s role in the economy as demonstrated in the report”, added Lutshaba.
The full report can be found and downloaded on the following link here.
The South African Cultural Observatory was established to undertake economic research for the cultural and creative industries in South Africa. The kind research we conduct provides such information as to the economic size of the sector, number of jobs in the sector or transformation. We publish the reports on our website and in various media platforms, including this newsletter, with a view to empower industry stakeholders with information that we hope they will find useful, informative and can be relied upon when making decisions that affect the sector.
READ MOREThe Observatory was established to undertake economic research for and about the cultural and creative industries in SA. Additionally we have done research on other related sectors that impact the cultural industries.
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READ MOREMEET the new SA Cultural Observatory Executive Director Unathi Lutshaba. Miss Lutshaba is a passionate economist and sociologist. She was recently appointed into the role of Executive Director of the South African Cultural Observatory, after two years as its Research Manager.
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