Black industrialists to get financial boost through DFI credit, DTI grants

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.