New IDC Guidelines for Clothing, Textiles, Footwear and Leather
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
The Industrial Development Corporation (IDC) and the Department of Trade, Industry & Competition (the dtic) this week published the new guidelines for the Clothing, Textiles, Footwear and Leather Programme. These new programme guidelines are effective from 1st October 2020 until 31st March 2021.
The new guidelines are a response to the impact and subsequent effects of the Covid-19 pandemic to the South African clothing, textile and footwear economy. The dtic and IDC have identified an immediate need for providing assistance and relief to the sector through a Working Capital Interest Subsidy (WCIS). The WCIS offers an interest subsidy for working capital facilities to a maximum of R700 000 per annum per qualified recipient.
Applications to qualify for this WCIS are to be made to determine qualification for this benefit. Applications are to be made before 31st March 2021 with payment of the interest subsidy benefit to qualified recipients being made until 31st March 2022.
Entities in the following sectors may qualify for the interest subsidy benefit:
- Clothing manufacturers including Cut, Make and Trim operators;
- Textile manufacturers;
- Footwear manufacturers; and
- Leather goods manufacturers and leather processors.
The IDC Clothing & Textile Competitiveness Desk administers the Clothing, Textile, Footwear & Leather Programme, previously called the Clothing & Textiles Competitiveness Programme on behalf of the dtic.
Cova Advisory & Associates
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
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
