Government had identified the first five companies that would benefit from its Black Industrialists (BI) programme, said Department of Trade and Industry (DTI) incentive development and administration division deputy director-general Malebo Mabitje-Thompson on Thursday.
Speaking to Engineering News Online following the Gauteng Black Industrialists stakeholder engagement session held at the BMW Group South Africa plant in Rosslyn, Tshwane, she noted that the DTI was now in the process of “agreeing conditions with each company to allow for payment to be made”.
The companies were active in the fields of agroprocessing, metal fabrication, electrotechnical, and plastics and pharmaceuticals.
Mabitje-Thompson said the DTI was hopeful to have the first project on the ground within a year.
The BI programme aimed to develop a group of black industrialists in South Africa.