DTI to reveal list of incentive beneficiaries by end-July
The Department of Trade and Industry (DTI) on Thursday said it would, following a request for information from a number of stakeholders, release a list of beneficiaries across its incentives programmes at the end of July.
The list will be made available along with an incentive report that details the impact of the incentive programmes, following the yearly audit by the Office of Auditor-General.
Trade and Industry Minister Dr Rob Davies on Tuesday refused to release the names of 46 recipients of the government’s nonrefundable grants and concessional loans that form part of its flagship Black Industrialist programme (BIP), arguing that a comprehensive list of beneficiaries could be abused by those with ulterior motives and could result in the beneficiaries being “harassed”.
He did, however, showcase four beneficiary firms, including electronics firm Yekani Manufacturing; copper and aluminium cables producer United Industrial Cable; valve guides and seats producer Micro Finish; and K9 Pet Foods.
The DTI expects the BIP to support about 100 black industrialists by the end of March 2018.
The BIP was launched in 2016 and is funded through a R3.6-billion on-budget allocation to the department to support manufacturing investments. It is also backed by loan finance made available through development finance institutions, such as the Industrial Development Corporation, the Land Bank and the National Empowerment Fund.
The IDC has previously said it had set aside R20-billion to support black industrialists.
Comments
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