Who are regarded as
As defined by the dtic, black industrialists are “black people (previously disadvantaged individuals) directly involved in the origination, creation, significant ownership, management and operation of industrial enterprises that derive value from the manufacturing of goods and services at a large scale.”
How does the Black Industrial Scheme work?
The BIS serves to implement the Black Industrialists (BI) Policy, which aims to leverage the State’s capacity to unlock the industrial potential of predominantly black-owned and black-managed businesses within the South Africa economy. Simply put, the broader objective of the scheme is to promote industrialisation, the promotion of previously disadvantaged industrialists, sustainable economic growth and transformation, through the support of black-owned entities in the manufacturing sector.
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