STEEL INCENTIVE
The Industrial Development Corporation (IDC) is currently assessing 21 potential transactions, worth a combined R437-million, arising from applications for support under a R1.5-billion industrial financing scheme set up in 2017 to support manufacturers of value-added steel products. The incentive, officially known as the Downstream Steel Industry Competitiveness Fund, became effective on June 7, 2017, and has been established to support domestic metals manufacturers facing import competition.
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