Official source
Source domain: sanews.gov.za
Collected on 28 July 2026
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R500 million sector-specific incentive for the metals and engineering value chain
A R500 million incentive is available to enterprises in the metals and engineering value chain to stimulate investment, support equipment purchasing, and enhance competitiveness. The incentive includes support for supplier development and aims to stabilise the foundry sector and strengthen engineering services.
Reference
https://www.sanews.gov.za/south-africa/r500m-incentive-metals-engineering-sector
Amounts
R 500 000 000, R 8 000 000 000
The Minister said this when he briefed the media ahead of tabling the department’s Budget Vote debate on Tuesday afternoon. “The next issue that I think is covered in the speech is that we are making an announcement about the new sector specific incentive. You will recall that last year, the one that we announced was on agro-processing. This year, we are announcing the sector-specific incentive on the metal and engineering value chain. It will be a R500 million new incentive that will be rolled-out,” he said.
Black Industrialist Programme – Infant Stage support
Targeted support for small companies in the manufacturing sector, particularly those in township and rural areas, to improve performance. This support is aligned with programmes of the Department of Small Business Development.
The Minister said the third leg will involve working with the Department of Small Business Development to align some of their programmes to support Infant Stage Black Industrialists. “The support will be targeted at small companies in the manufacturing sector (particularly those in the township and rural areas) to improve their performa
Black Industrialist Programme – Pioneers category support
Support is available for black industrialists who were approved during the inaugural window of the Black Industrialist Programme up to March 2018. This includes post-investment assistance such as help with regulatory hurdles to fast-track development.
The pioneers consist of black industrialists that were approved during the inaugural window of the programme up to March 2018. He said for this category, support would be provided through a post-investment office which will be established to troubleshoot any barriers including regulatory hurdles to fast track their development.
Black Industrialist Programme – Catch-up category support
Financial and non-financial support is available for expansion and green field projects from 2018/19 to 2020/21. Projects must have potential for rapid growth and will be supported through grants, loans, and market access interventions.
The catch-up category consists of the second wave of the Black Industrialist Scheme and will run between 2018/19 to 2020/21. “It will entail financial support for projects in-line with approved guidelines and the available non-financial support. Eligible projects will be expansion and green field projects with potential to grow fast in a relatively short time frame,” he said.
