Categorized | B-BBEE

Deputy Minister Magwanishe to launch multi-million rand Black Industrialist firm’s expansion project in Limpopo

The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe will launch a multi-million-rand Black Industrialist firm’s expansion project of Eastern Trading, a company trading as Dursots All Joy, in Modjadjiskloof, Limpopo on 4 December 2017. the dti’s Black Industrialists Scheme has approved funding of Eastern Trading to the value of R48 345 460 million.

The BIS is a grant programme that aims to unlock the potential within Black Industrialists operating in the South African economy through deliberate, targeted and well-defined financial and non-financial support measures. “The modern technology installed as a result of the funding obtained from the dti was used for processing tomato related food products and has enabled the company to triple its production. This manufacturing capability has made Eastern Trading to be competitive in relation to modern standards of manufacturing,” says Magwanishe.



According to Magwanishe, with unemployment rate of 70% in Modjadjiiskloof and surrounding rural areas, Eastern Trading has created 70 permanent jobs and 150 contract jobs. As a result of the state-of-the-art machinery that has been installed through the support of the BIS grant, the company is projecting to create additional 275 jobs in the next two years. “Eastern Trading is one of the 70 companies that have benefited from the Black Industrialists Scheme since its launch in 2016. It is the third Black Industrialist project in the agro-processing value-chain that the department is launching,” says Magwanishe.

Share this article on Social Networks facebooktwitterlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *

TransformSA - Subscribe

Subscribe - Transform SA Magazine

Transform SA in conversation with Nompendulo Mkhatshwa about student movement.

Photos on flickr

Categories

Archives