DESTEA MEC launches industrialization support incentives 27 May 2021
During the tabling of the 2021/22 Budget Vote, MEC Makalo Mohale emphasised the importance of localization and industrialization for economic growth, recovery and transformation. “Through industrialization, we will unlock productive potential of our province’s productive assets for massive localized employment.” To this effect, MEC Makalo Mohale will be announcing the Industrialization Support Incentives aimed at accelerating, reconstructing and growing the Free State economy.
The specific objectives of the Industrialization Support Incentives are:
To stimulate local domestic manufacturing and production;
To ensure job retention and increases in new job creation within industrial zones;
To reduce economic concentrations;
To assist SMME to transition to industrial production levels;
To stimulate participation in large business and government supply chains;
The virtual launch will take place on the 28th May 2021 at 10:00 on ZOOM. To qualify, applicants should provide the following;
Bankable business plan
CIPC Registration
South African citizenship
Free State resident
Central Supplier Database (CSD) registered
Valid Tax Clearance
Licencing (Business Act no 7 of 1991), where applicable
Business Plan or Proposal
Financial Statements (12 month’s bank statements)
Business must be operational for at least 12 months
BBEEE Status Level 1 Contributor
Procure locally manufactured products from other SA SMMEs
Demonstrate ability to produce own products
Please note: Applications will be open from 31 May 2021 to 15 June 2021.
For the application link and application details please visit www.destea.gov.za or contact Mrs Phumla Ngqeza at 076 884 9656 / ngqezap@destea.gov.za(link sends e-mail) For more details join the MEC on Zoom on the 28th of May 2021 at 10:00 for the virtual launch. Please find details below: Meeting ID 857 0438 4484 Password: 183 400
The virtual launch can also be followed on the following online platforms: – Official Destea – MEC Destea – Makalo Mohale – Free State Provincial Government
Source: Government of South Africa