R2.2 billion shortfall and suspension of MCEP will lead to more job losses

Democratic Alliance press statement by Dean Macpherson MP DA Shadow Deputy Minister of Trade and Industry R2.2 billion shortfall and suspension of MCEP will lead to more job losses 29 October 2015 Release: immediate The announcement that the Manufacturing Competitiveness Enhancement Programme (MCEP) will not be accepting any more applications due to its R2.2 billion shortfall…

MCEP Announcement

Following the MCEP notices sent to clients regarding the rejection of their applications and the attached press release, we have managed to obtain clarification from the DTI that: The notices were only sent to affected clients.  Thus implying that if your client did not receive this notice, it is likely that it does not apply…

MCEP – Manufacturing Competitiveness Enhancement Programme

The Department of Trade and Industry has made available grants to assist South African businesses gain a competitive edge and enable them to expand their operations. Under programs such as the MCEP – the Manufacturing Competitiveness Enhancement Programme, the DTI has already disbursed over R1 billion to qualifying companies The MCEP grant provides a rebate…

MCEP – Manufacturing Competitiveness Enhancement Programme

The Department of Trade and Industry has made available grants to assist South African businesses gain a competitive edge and enable them to expand their operations. Under programs such as the MCEP – the Manufacturing Competitiveness Enhancement Programme, the DTI has already disbursed over R1 billion to qualifying companies The MCEP grant provides a rebate…

Start-up funding now available in reopened project

Black industrialists can now source up to R50m in start-up funding from the manufacturing competitiveness enhancement programme. The manufacturing competitiveness enhancement programme (MCEP) was partially reopened on Monday, after a year-long suspension, to accommodate black industrialists in need of start-up funding. Start-ups were previously excluded from the programme. The new dispensation announced by Trade and…

Manufacturing: Funds earmarked for incentive programme

Johannesburg – The Department of Trade and Industry (dti) this week confirmed that it has allocated funds for the continuation of a government programme to enhance South African manufacturers’ competitiveness. Dti Spokesman Sidwell Medupe said however the amount will only be announced once the department’s budget vote has been presented to Parliament. This is scheduled…

Questions raised over suspension of manufacturing programme

The decision to suspend government’s competitiveness enhancement scheme has raised serious questions about the overall management of the initiative. The Department of Trade and Industry announced at the end of October that new applications for the Manufacturing Competitiveness Enhancement Programme (MCEP) had been suspended “temporarily”. Several questions relating to the management of the programme, including…

Factories in distress as fund dries up

2015/10/30 05:05 By Mark Allix Picture: THINKSTOCK The R5bn manufacturing competitiveness enhancement programme, established by the government to cushion local manufacturers from the effects of the global financial crisis, has been exhausted, leaving a lot of companies in distress. The Department of Trade Industry, under which the fund falls, on Wednesday said it had suspended…

Manufacturing Competitiveness Programme

Manufacturing Competitiveness Programme The MCEP grant provides a rebate for the purchase of machinery, tools, equipment, cleaner energy, new product marketing, production efficiency and most other projects related to increasing the competitiveness of manufacturing companies in South Africa across almost all sectors. This includes investment into software as well as processes and projects related to…