The Black Industrialists Programme (BIP) – an initiative by the Department of Trade and Industry (dti) – has supported 62 projects since its inception in November 2015.
“We now have passed the halfway mark of the first 100. The target is for us to reach 100 by the end of this financial year,” said the Minister of Trade and Industry, Dr Rob Davies, during a media briefing last week.
The projects have attracted R26 billion in private-sector investment and created 19 859 jobs to date. To support localisation, 21 products and sectors have been designated for local production.
