Question NW1578 to the Minister of Trade and Industry
07 June 2017 - NW1578
Mulder, Dr PW to ask the Minister of Trade and Industry
(1)(a) How many black industrialists have already been funded by the black industrialist programme and (b) in respect of the specified industrialists, (i) who is each of the specified persons, with reference in each instance to the (aa) firm, (bb) board members and (cc) shareholders, (ii) what amount was given to each, (iii) what was the purpose of the funding in each instance and (iv) how many job opportunities have been and will be created; (2) how many applications for funding have been received to date that have not yet been funded?NW1779E
Reply:
46 Black Industrialists have been approved for funding. As with all dti incentive schemes the Black industrialist scheme is a cost sharing grant. Of the approved black industrialists, 13 have been paid on a cost sharing basis towards capital investment costs, post investment support and business development services to the tune of R212 Million. Of the paid projects 1443 jobs have been supported.