Billions in the pipeline for black industrialist projects, says Patel
Funding will come from various sources including money raised through competition settlements
24 July 2019 - 18:53
The government and its associated institutions would spend about R40bn over the next five years in supporting hundreds of black industrialist projects, trade and industry minister Ebrahim Patel said in parliament on Wednesday.
This funding would be derived from the budgets of various government departments, the Industrial Development Corporation (IDC), money raised through competition settlements, and the equity equivalence investment programme of broad-based black economic empowerment...
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