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WATCH: IDC puts its weight behind empowering women
The Industrial Development Corporation (IDC) is on a drive to increase funding support in the manufacturing sector. And it is targeting businesses with significant ownership by women and the youth. Over the past financial year, approvals to businesses with at least 25% women ownership came in at R3.2bn. In the same period, youth-owned businesses received R2.3bn — a 142% increase from last year. The IDC says more than half of the R15bn in approved funding was earmarked for the manufacturing sector. Speaking at the Women in Manufacturing Conference earlier on Wednesday, IDC chairperson Busi Mabuza said the developments were significant in helping drive empowerment in the sector, but greater co-ordination to drive growth and SA’s manufacturing competitiveness was needed. IDC divisional executive Lizeka Matshekga spoke to Business Day TV about some of the challenges and opportunities facing SA’s manufacturing sector and how the IDC is stepping in to help boost women and youth participat...
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