Motor industry’s black industrialist programme stalls
With less than nine months to go before the launch of a new industry policy, Covid-19 threatens to derail its transformation targets
09 April 2020 - 05:00
The government’s timetable to create a black industrial base in the SA motor industry could be at risk if the effects of Covid-19 continue to run riot through the economy.
A proposal to use a R6bn industry transformation fund to help emerging, black-owned components companies survive the pandemic appears to be a nonstarter. The fund, intended to support the development of new black players in coming years, is supposed to go "live" in 2021, but there have been suggestions that some money should be made available now to bail out distressed companies...
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