What the dti scheme offers to black industrialists
The Black Industrialists Scheme, which was launched by the Minister of Trade and Industry, Dr Rob Davies, and Deputy Minister, Mr Mzwandile Masina, in Pretoria provides key measures aimed at supporting majority black-owned manufacturing companies. The measures include as access to finance, access to markets, skills development, and standards, quality and productivity improvement.
Minister Davies reiterated that the scheme targets entities that have extensive experience, operations and track record in their respective or envisaged industrial sectors and value chains, that can become real players in domestic and or global markets within 10 years of being in the programme through new operation or business start-up, current business expansion and acquisition of an existing business.
“The Black Industrialists Scheme offers a cost sharing grant ranging from 30% to 50% to approved entities to a maximum of R50 million. The quantum of the grant will depend on the level of black ownership and management control, the economic benefit of the project and the project value. This will cover capital investment costs; feasibility studies towards a bankable business plan (to the maximum of 3% of projected investment project cost); Post-investment support (to the maximum of R500 000); and Business Development Services (to the maximum of R2 million),” said Davies.
Interested entities on the scheme should be operating in the following manufacturing sectors in line with the industrialisation path as articulated by IPAP:
- Blue/Ocean economy, including vessel building and repair
- Oil and Gas
- Clean Technology and Energy
- Mineral Beneficiation
- Aerospace, rail and Automotive Components
- Industrial Infrastructure
- Information Communication Technologies
- Agro-Processing
- Clothing, Textiles /Leather and Footwear
- Pulp, Paper and Furniture
- Chemicals, Pharmaceuticals and Plastics
- Nuclear
- Manufacturing related logistics
- Designated Sectors for localisation
Other incentives of the dti that are available to support the Black Industrialists projects are Export Marketing and Investment Assistance (EMIA); Critical Infrastructure Programme (CIP); Support Programme for Industrial Innovation (SPII); Technology and Human Resources for Industry Programme (THRIP); Special Economic Zone ( For black industrialists locating or having a linkage to SEZs or Industrial Development Zones).
The Black Industrialists Scheme is the incentive programme of the Black Industrialists Policy which aims to promote the participation of black industrialists as manufacturers in key sectors of the economy as identified in the Industrial Policy Action Plan (IPAP).
Potential Black Industrialists can visit www.thedti.gov.za to access the policy, scheme and application forms.
Enquiries:
Sidwell Medupe
Tel: 012 394 1650
Cell: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
