Trade, Industry and Competition briefs media on progress of Economic Relief Package, 19 Oct

Latest update on progress of the Economic Relief Package by the DTIC, IDC AND THE NEF, supporting firms affected by the unrest in July 2021 

Members of the media are invited to a media briefing with the Minister of Trade, Industry and Competition, Mr Ebrahim Patel. the DTIC and its Development Finance Institutions (DFIs), the Industrial Development Corporation (IDC) and the National Empowerment Fund (NEF) will provide an update on the support that has been extended to firms affected by the unrest in parts of Gauteng and KwaZulu Natal in July 2021.

The economic rebuilding package is available in the form of term loans at zero interest, bridging finance, as well as the conversion of portions of selected facilities into grants. So far, the IDC and the NEF have collectively approved funding to over 120 businesses, with officials working around the clock to fast-track the processing of applications to help businesses rebuild and sustain jobs. 

Minister Patel will host the briefing alongside the IDC and the NEF, as well as some of the businesses that have received funding support. 

Details of the media briefing are as follows: 

Date: Tuesday, 19 October 2021
Time: 14:00 – 16:00
Platform: Zoom

Link: https://gcis.zoom.us/j/94991199890?pwd=NS9iUE1wNExjMmEwRlltUGdBK3FEQT09

Webinar ID: 949 9119 9890

Passcode: 615452

Media Participation: Journalists may participate through the zoom platform or view the briefing via live streaming on the South African Government social media channels on the links below:

RSVPs should be directed to Phumzile Kotane via email: PKotane@thedtic.gov.za or WhatsApp or voice call: 063 114 3704. 

Enquiries: 
Bongani Lukhele – Director: Media Relations  
Tel: (012) 394 1643
Mobile: 079 5083 457
WhatsApp: 074 299 8512
E-mail: BLukhele@thedtic.gov.za    

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