Department of Trade and Industry incentives aimed at exports
THE Department of Trade and Industry is to focus its incentive programmes on "winning companies" that have the ability to export their products or to supply goods to global equipment manufacturers, says Trade and Industry Minister Rob Davies.The support offered by the state to private-sector firms would also be tightened, he said on Thursday at the launch of the 2015-16 and 2017-18 industrial policy action plan (IPAP), which is revised each year.Last year, 3,384 private companies benefited to the tune of R13.6bn from incentives and support programmes.Mr Davies said: "Increasingly, across all sectors — in an effort to maximise economic impact and critically important export growth — the conditions for access to government support will not only be tightened but increasingly directed towards support for ‘winning’ companies that have demonstrated either the proven capacity or the clear potential to compete in export markets and/or qualify as suppliers to global original equipment manufa...
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