BUDGET 2019
Government has made a three-year allocation of R19.8-billion to support industrial business incentives, 48% of which goes to manufacturing development, the National Treasury announced on Wednesday.
The medium-term expenditure framework (MTEF) allocation includes a reprioritised amount of R600-million for the Clothing and Textile Competitiveness Programme, which aims to reposition South Africa to compete against other low-cost producing countries.
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