Question NW2425 to the Minister of Trade and Industry
10 November 2016 - NW2425
Macpherson, Mr DW to ask the Minister of Trade and Industry
What memoranda of understanding in terms of (a) rebates and (b) incentives have been secured from (i) local governments and (ii) provinces to attract business for the revitalisation of the country’s industrial parks?
Reply:
the dti has allocated R281 million for this programme to date. This money is being used for critical infrastructure upgrades. There are budget constraints, and funding as well as other non-financial support mechanisms are being discussed. The first engagement was held in the form of discussions with stakeholders through a symposium held on 12-13 October 2016 at the DBSA in Midrand. Further engagements with local government and provinces are planned for early next year.