New incentive scheme to boost agro-processing and exports

  Aim is to spark more local agriculture projects, assist in transformation and enhance the export-readiness of companies. An incentive scheme designed to boost investments in new and existing agro-processing projects has kicked off with a R1-billion cost-sharing grant fund. The Agro-processing Support Scheme (APSS) targets food and beverage value addition and processing (including black…

New player set to enter Aids-drug production

  State-owned pharmaceutical manufacturer Ketlaphela, which has yet to begin production of active pharmaceutical ingredients (APIs), may soon face competition from a black-owned rival called Inicio, which has secured a licensing agreement with German firm Fluxpharm. The agreement is an important step towards possible local API production for HIV/AIDS drugs, which locally based pharmaceutical manufacturers…

Downstream Steel Industry Competitiveness Fund

The key purpose of the Fund is to assist qualifying enterprises in the downstream steel sectors to improve their competitiveness and assist companies. The Fund will be applied to finance the following initiatives, which directly address competitiveness issues: Modernisation of plant machinery and equipment; Upgrade of plant machinery and equipment to meet quality assurance requirements;…

Agro Processing Support Scheme (APSS)

The Agro Processing Support Scheme (APSS) seeks to stimulate investment in the agro-processing sector. The Objectives of the APSS: Increased capacity, Employment creation, Modernised machinery and equipment, Competitiveness and productivity improvement, Broadening participation. Description of Qualifying Processes/Projects The incentive is available to new and existing agro-processing/beneficiation projects. This can also involve a wide range of…

Dti up-scales Black Industrialists Programme

Johannesburg – The Department of Trade and Industry (dti) is scaling up its Black Industrialists Programme with a 100 black industrialists expected to receive support in the current financial year. Speaking at the launch of the ninth iteration of the Industrial Policy Action Plan (IPAP) in Sandown Johannesburg on Monday, Trade and Industry Minister Rob…