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South African government to support clothing, textiles sector

The Clothing and Textile Competitiveness Program in South Africa will receive its share of the R15.9-billion allocated to incentives and the Expanded Public Works Program. To augment this process, government will repriortise clothing and textiles production incentive from special economic zones. Moreover, government will work with the Land Bank to accelerate land reform and maintain the productive use of transferred land.

Under the Land Reform Program, government will provide 30-year leases, which will enable the Land Bank to extend loans to emerging farmers. Similarly, the Land Bank will use a combination of loans and grants to increase production through the Black Producers Commercialisation Program. Funding from the comprehensive agricultural support programme grant will be reprioritised to produce foot-and-mouth disease vaccines. Government is also allocating funds for the South African Isotope facility at iThemba Labs to aid in research. Meanwhile, the Small Business and Innovation Fund will help entrepreneurs and small businesses navigate the pre-startup phase and provide support as they scale up their enterprises.

 

 
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