Minister Gugile Nkwinti says industrialisation and the establishment of industrial parks will be scaled up by establishing black industrialists, expanding industries supplying the infrastructure build programme, investing in manufacturing sectors and setting up Special Economic Zones.
Minister of of Rural Development and Land Reform Nkwinti says more than R20 billion in industrial finance was approved last year, creating 27 000 direct jobs and approximately 108 000 indirect jobs.
This month, two industrial parks will be launched. The first phase of the upgrade of Babelegi Industrial Park in Hammanskraal north of Pretoria and Vulindlela Heights in Mthatha will start. Over R180 million has been committed to upgrade six industrial parks across five provinces.
The Black Industrialists Programme launched by the Department of Trade and Industry has also made some progress in creating jobs.
“The Black Industrialist Programme supported 27 entrepreneurs, leveraged R2.5 billion in private sector investment and created 5 235 direct jobs,” said Minister Nkwinti.