A total of 3 384 private sector enterprises across all provinces have been assisted with projects to the value of R13.6 billion, through incentive schemes and other programmes of the Department of Trade and Industry (the dti) during the 2013/14 financial year.
This came to light when the Director-General of the dti, Mr Lionel October, addressed incentive beneficiaries and stakeholders at the Incentives Beneficiaries Profiling event, held at Cape Town City Hall.
“In a highly competitive global economy, creating an enabling environment for local and foreign investments is paramount to business and economic growth,” said October.
He added that performance reporting on the incentive programmes is integral to the department’s service delivery strategy.
“Today’s event is a clear report detailing the dti’s support to enterprises, large and small, across provinces, sectors and different groups. The substantial contribution by the department to enterprise and industrial development and investment, is the continuous provision of a diversified incentive package that supports Government priorities such as broadening participation,” said October.
Over the last three years of the implementation of the Industrial Policy Action Plan (IPAP), the department’s incentive and other programmes have impacted profoundly on corporate behaviour, with beneficial outcomes in terms of investment, growth and employment in sectors such as clothing and textiles, auto-motives, business process services, and film and television production.
“I am confident that our continued effort to bring about economic transformation is inclusive and contributing to employment creation,” said October.
Project beneficiaries included Eclipse Energy, Fabrinox, Film Africa, La Ric Mal, Baxter’s Auto, Solaire Direct and Spice Mecca.
