INDUSTRIAL DEVELOPMENT
Access to finance for South Africa’s black industrialists could become easier as the Department of Trade and Industry (DTI) announces several State-led support initiatives as part of its Black Industrialists Development Programme. Unpacking the DTI’s plans for black industrialist development, with the publication of a “very early draft” Black Industrialist Policy Framework on Wednesday, DTI director-general Lionel October said that, with access to finance being the number-one constraint for existing and emerging black industrialists, financial support initiatives could provide the shot in the arm needed to accelerate South Africa’s industrialisation.
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