Members of the media are invited to attend a briefing by the Minister of Trade and Industry, Dr Rob Davies on the Manufacturing Competitiveness Enhancement Programme:
Date: Monday, 19 September 2016
Time: 13h00 to 14h00
Venue: Emperors Palace
The Department of Trade and Industry (the dti) suspended the programme temporarily in October last year, as the large number of applications far exceeded the funds set aside for the programme. Over R5 billion that was originally set aside for this MCEP was fully committed.
MCEP was initially designed amongst others as an instrument to support enterprises in the production sectors of the economy soon after the onset of the global economic recession, raise competitiveness and retain employment. It consists of the Production Incentive which is administered by the dti and Industrial Financing loan facility administered by the Industrial Development Cooperation (IDC).
The MCEP supported 1 153 entities with acquisition of capital equipment and re-engineering of business processes to improve their competitiveness.
Minister Davies will explain how the programme will unfold going forward.
RSVPs should be directed to Bonolo Moloto via email: kbmoloto@thedti.gov.za or telephone on 079 798 7412.
Enquiries:
Sidwell Medupe
Tel: 012 394 1650
Cell: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
