Question NW349 to the Minister of Trade and Industry
24 February 2016 - NW349
Macpherson, Mr DW to ask the Minister of Trade and Industry
Whether any regulatory impact assessments have been done for the black industrialists programme; if not, why not; if so, (a) what are the relevant details an (b) how many jobs will be created once the 100 black industrialists in the programme have been appointed?
Reply:
(a) The Socio-Economic Impact Assessment was conducted by the Department of Planning, Monitoring and Evaluation in the Presidency as a pre-approval condition by Cabinet and the certificate was granted to the dti on the 13th October 2015.
(b) It envisaged that the Black Industrialist Scheme (BIS) will accelerate the quantitative and qualitative increase and participation of Black Industrialists in the national economy that will contribute towards South Africa’s developmental objectives, such as job creation, exports, skills development, supplier development, industrial decentralisation and localisation. Projects will be assessed on their merits in relation to their contribution to these objectives and catalytic impacts.