Rob Davies says almost 50 projects approved in black industrialist programme
The government’s black industrialist programme is gathering momentum, with 46 projects having been approved and more than R2bn deployed for this purpose through government agencies. Trade and Industry Minister Rob Davies gave this update in his budget vote speech in the National Assembly on Tuesday. The programme was launched in March 2016 with the aim of supporting 100 black industrialists until March 2019. In addition to the financial support of the government agencies, approved black industrialists have received R122m in grants from the department. "Our support has allowed these black industrialists to undertake investment projects of R3.7bn and is projected to create more than 8,000 direct jobs and close to 12,000 indirect jobs. "As we have indicated earlier we have now decided to accelerate the implementation of the programme to support 100 black industrialists. Instead of reaching this milestone by March 2019 we now intend to reach this target by the end of the current financi...
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