DTI INJECTS R4.9bn INTO CLOTHING AND TEXTILE SECTOR

Department of Trade and Industry (dti) has approved R4.9 billion for the clothing and textile sector

rsa-logo.png

The Department of Trade and Industry (dti) has approved R4.9 billion for the clothing and textile sector to create and save jobs.

Trade and Industry Minister Rob Davies said the dti, through the Production Incentives Programme (PIP) within the Clothing and Textiles Competitiveness Programme (CTCP), approved R4.9 billion to create and save jobs in the sector. In addition, more than R3.1 billion was disbursed until the last financial year, said Minister Davies, who was speaking at the first Clothing Manufacturing Industry Sector Summit hosted in Durban by the National Bargaining Council for the Clothing Manufacturing Industry (NBCCMI).

Throughout the sector, a number of companies which qualified and drew from both programmes, were able to save 81 252 jobs. An additional 9 672 jobs were created and the net new jobs grew by 4 785 until the last financial year from the inception of the CTCP. Minister Davies said this was an indication that the clothing sector and others are significantly labour-absorbing sectors and that government needs to create more opportunities to keep it sustainable. “The issue of rebates in the clothing and textile sector is still a burning issue… and part of government’s plan is still to tighten control of imports and the raising of tariffs to the maximum boundary, like we did in the beginning when we were revamping the whole industry. The whole value chain must still be involved in the sector going forward,” said Minister Davies.

The Minister reiterated that localisation in every sector will no longer be an option.

“Whatever is needed to be done to protect the industry, it must be done but it should be in the interest of industry development and to improve the local supplier base. We want to see consequences for those who do not want to implement localisation and empowerment,” he said.

comments powered by Disqus

RW1
R1
R1
R1

This edition

Issue 383
Current


Archive


Leadership_Mag We are greatly excited to announce that nominations for our 16th BBQ Awards ceremony is now open.… https://t.co/0ZK0s5aOzK 11 days - reply - retweet - favorite

Leadership_Mag 2nd Intra-African Trade and Investment Expo: 29 - 31 August 2017. Cape Town South Africa https://t.co/J9Cs5TfMYD https://t.co/VDaFdSH4G8 11 days - reply - retweet - favorite

Leadership_Mag Here’s why workplace diversity makes business sense https://t.co/DjFQKsUSa1 https://t.co/UFKER4Rr9i 11 days - reply - retweet - favorite

  • Mbuso Ntshangase
  • Nonjabulo Tembe
  • Bongokuhle Xaba
  • Chuma Mtsotso