The department of trade and industry is fast-tracking the black industrialist programme, saying economic growth and transformation relies on it. According to the department, the programme aims to unlock the potential of black industrialist companies in key sectors of the economy through deliberate, targeted and well-defined financial and nonfinancial interventions.​ This week, the department facilitated the opening of an R81m factory belonging to Africa Bespoke Apparel (ABA), a black industrialists programme beneficiary firm based in Verulam, KwaZulu-Natal. Bulelani Magwanishe, the trade and industry deputy minister, said that at the heart of the government’s policy intervention was the advancement of the industrial sector to alleviate poverty, inequality and unemployment. “With black industrialists like Africa Bespoke Apparel, I am confident that we are close enough to achieving our objectives,” said Magwanishe. He welcomed Africa Bespoke Apparel’s planned training academy saying i...

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