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Posts tagged [funds]

The Black Industrialist - Time is running out

With the economic outlook for South Africa at around 1% growth for 2017, we need to ask ourselves “when will we grow at rates that we can be proud of and that will meet the requirements of poverty alleviation in our country?”.

 

In order to achieve the 5% growth needed, systemic and strategic changes need to take effect and in aid of the National Development Plan and Industrial Policy Action Plan, the Department of Trade and Industry (dti) have been actively promoting the establishment of Black Industrialists.

 

The Department has already awarded 46 of the 100 "slots" earmarked for grant funding and, whilst the intention was to stagger approvals over a 3 year period, it’s expected that all 100 positions will be filled by end March 2018, if not sooner.

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