Tag Archive | Department of Trade and Industry

Black Industrialist firm launched in Pinetown

The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe launched a multi-million rand Black Industrialist firm, Microfinish Automotive in Pinetown, KwaZulu-Natal on Friday. Microfinish, an automotive valve guide and valve seat manufacturer, was co-funded by the dti Black Industrialists Scheme (BIS) and KwaZulu-Natal Growth Fund. Speaking at the launch, Deputy Minister Magwanishe said Microfinish is evidence […]

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Maluti-a-Phofung SEZ launched

President Jacob Zuma on Tuesday launched the much anticipated Maluti-a-Phofung Special Economic Zone (MAP-SEZ) demonstrating government’s promotion of industrial development. “This launch and the development of the Maluti-a-Phofung SEZ demonstrates our promotion of industrial development which is key to the nation’s long-term economic success and prosperity,” said President Zuma. He said South Africa wants to […]

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Roadshow to attract Chinese investment to begin soon

The Minister of Trade and Industry, Dr Rob Davies says the Memorandum of Understanding (MoU) on Strategic Cooperation that was signed by the Department of Trade and Industry (the dti) and the Bank of China in Sandton on Tuesday, will bear immediate fruits when a roadshow is undertaken to China to promote South Africa’s Special […]

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Cape women blazing the Black Industrialists trail

The determination of three gritty Cape Town businesswomen to defy the odds and make success of their business paid off when they became the first beneficiaries of the much-talked about Black Industrialists Programme. Their company, K9 Pet Foods, which is based in Milnerton, received funding to the tune of R20 million from the Department of […]

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Davies urges strong action against non B-BBEE compliant companies

The Minister of Trade and Industry, Dr Rob Davies says the Broad-Based Economic Empowerment (B-BBEE) Commission should take action against companies that are found to not be complying with the B-BBEE requirements for transformation. Minister Davies was speaking at the breakfast session held by the B-BBEE Commission on the national state of transformation, in Midrand, […]

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B-BBEE Commission reports on state of transformation

The Broad Based Black Economic Empowerment (B-BBEE) Commission will host a breakfast session in Midrand on Friday 24th March 2017. The B-BBEE Commissionwas established in terms of section 13B of the amended B-BBEE Act as an entity within the administration of the Department of Trade and Industry (the dti). The session is aimed at presenting […]

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SA companies happy with Ghana mission

South African business people who participated in the Trade and Investment mission to Ghana have expressed satisfaction with the mission and are optimistic of tangible results in the near future. The group participated in the mission organised by the Department of Trade and Industry (the dti), which was part of a week-long Trade and Investment […]

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DTI leads business delegation to West Africa

The Department of Trade and Industry (the dti) will lead a business delegation on a Trade and Investment Mission to Accra, Ghana and Lagos, Nigeria from 20-25 March 2017. The mission forms part of the dti’s objective to identify and create export markets for South African value-added products and services. It will also serve to […]

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Black Industrialists Programme to be fast-tracked by Government

Trade and Industry Minister Rob Davies says government plans to accelerate the creation of black industrialists with an aim of creating 100 black industrialists by the end of the coming financial year. The Minister said this when the Economic Sectors, Employment and Economic Infrastructure Development Cluster briefed the media, on Tuesday, on the implementation of […]

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NEF to be incorporated into IDC to guarantee funding for black entrepreneurs

In a landmark breakthrough for South Africa’s quest for inclusive growth and radical economic transformation, the Ministers of Trade and Industry and of Economic Development announced in Cape Town on Tuesday that the National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation (IDC) in order to meet the considerable demand […]

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