DTI temporarily halts manufacturing incentive owing to depleted budget
The Department of Trade and Industry (DTI) has temporarily suspended new applications for its Manufacturing Competitiveness Enhancement Programme (MCEP), as the large number of applications far exceeded the funds set aside for the programme.
Initially, R5-billion had been set aside for the programme, which was designed as an incentive to support enterprises in the production sectors of the economy, but these funds had now been fully committed.
The MCEP sought to secure higher levels of investment, raise competitiveness and retain employment in the country’s waning manufacturing sector.
To date, the MCEP had supported 1 153 entities acquire capital equipment and reengineer business processes to improve their competitiveness. All assisted enterprises also retained jobs and were committed to black economic empowerment.
The DTI had highlighted the high number of applications it had received under the MCEP in May this year, when it limited the programme incentives to projects requiring investments of less than R50-million.
A new application window would be opened in April 2016, pending the availability of funds. All other incentives of the department would continue as normal.
The DTI also emphasised that it would continue to honour all approved applications under the MCEP.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation