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Trade and Industry Minister Rob Davies officially launched the programme in Cape Town last week and the department is now holding provincial workshops to familiarise manufacturing players around the country on how they can participate and benefit from the new initiative.

The plan consists of two parts, production incentives and industrial financing loan facilities, and the department says "the objective of the incentives is to promote enterprise competitiveness and job retention".

To qualify for the programme, "the applicant must be a registered legal entity in SA, achieve at least level four B-BBEE contributor status, have existing operations in SA and the approved project may not result in a reduction of the base-year employment levels".

The grant received from the department is sourced from the Treasury.

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Wed May 22 18:59:41 SAST 2013 ::

May 23, 2012

Mbeva

Hope we won't see the fight between Cosatu vs DA this time
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