Government to fast-track Black Industrialists ProgrammeTrade and Industry Minister Rob Davies says government plans to accelerate the creation of black industrialists with an aim of creating 100 black industrialists by the end of the coming financial year. © Andriy Popov – 123RF.com The minister said this when the Economic Sectors, Employment and Economic Infrastructure Development Cluster briefed the media, on Tuesday, 28 February, on the implementation of its programme of action following President Jacob Zuma’s State of the Nation Address, earlier this month. “The first phase of the Black Industrialists Programme envisaged us supporting 100 black industrialists [over three years]. “We have done 25 so far and the financial year is not yet over … and I am sure we will do three [by end of March]. So we’d hit the 30 that we were supposed to hit in the current financial year. “But we actually said that instead of 70 more over two years, we will now do 70 more over one year,” Davies said. Earlier, Rural Development and Land Reform Minister Gugile Nkwinti, who chaired the briefing, said the Black Industrialists Programme had supported 27 entrepreneurs, and leveraged R2.5bn in private sector investment and created 5,235 direct jobs. Minister Davies said the programme had produced quality industrialists. “So [the new] target has been set for us now so we are accelerating the roll-out of the programme and in the Portfolio Committee later on, I will try and demonstrate that these are serious industrialists and significant industrialists, we are trying to profile two or three of them. “These are people who have taken risk, are personally involved and that this is industrial activity that we are supporting so I think that this is a programme of quality,” he said. Implementing a higher-impact industrial policy action planMinister Nkwinti said the target of the cluster, which is detailed in the nine-point plan, is to also scale up industrialisation by reviving industrial parks, expanding industries supplying the infrastructure build programme, investing in manufacturing sectors and setting up special economic zones. He said several milestones had been achieved in driving the country’s industrialisation programme:
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