The Black Business Council (BBC) on Monday welcomed the allocation of R40 billion to support an additional 400 black industrialists in the Black Industrialists (BI) Programme over the next five years.
During his budget vote debate in parliament last week Thursday, Minister of Trade, Industry and Economic Development Ebrahim Patel said the government would accelerate efforts to support black industrialists.
“To enhance the growth of black industrialists, we will combine the efforts of the department, the IDC [Industrial Development Corporation] and the NEF [National Empowerment Fund] into a seamless and co-ordinated programme,” Patel said.
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