Black industrialists policy

The Department of Trade and Industry has released the Black Industrialists Policy. "The Black Industrialists Policy is a key part of Government’s broad industrialisation initiatives to expand the industrial base and inject new entrepreneurial dynamism into the economy. It calls for bolder policy interventions on the part of the state to expand the industrial base of the country and grow the economy through dedicated support to black industrialists, as highlighted in the latest iteration of the Industrial Policy Action Plan (IPAP)."

"The policy will focus on the growth and global competitiveness of black-owned enterprises. The intention is to contribute towards shifting the demographic composition of South Africa’s industrial sector and engage the under-utilised source of jobs, revenue, taxes and innovation, which is the Black Industrialist. "​