BLACK INDUSTRIALIST SCHEME (BIS)

BLACK INDUSTRIALIST SCHEME (BIS)

New Department of Trade and Industry (DTI) Incentive – Black Industrialist Scheme (BIS)

The Black Industrialist Scheme (BIS) is a newly launched DTI grant program which forms part of the Black Industrialists Policy (BIP) of South Africa. This dedicated policy aims to unlock the industrial potential for Black Industrialists operating in the South African economy through deliberate, targeted and well-defined financial and non- financial interventions. The BIS is mainly a valuable cash grant with the benefit of between 30% and 50% of the project cost. The minimum criteria for the BIS on project size is R30m.

A Black Industrialist refers to an individual or statutory entity that includes companies and co-operatives incorporated in terms of the Companies Act, 2008 (as amended), which is owned by Black South Africans as defined by the B-BBEE Act. The individual or entity should demonstrate creating and owning value adding industrial capacity and provide long-term strategic and operational leadership to a business.

The following are characteristics of a Black Industrialist:

  • High levels of Black ownership (>50%);
  • Dominant Black ownership and management control may be considered for projects that are deemed strategic by the DTI, but may need to include other shareholders in order to attract relevant skills, finance and scale-up the investment opportunities;
  • Exercises control over the business;
  • Takes personal risk in the business;
  • Does business in the Manufacturing sector with particular reference to IPAP focus areas;
  • Makes a long term commitment to the business and is a medium to long term investor;

The key focus areas of the program will be on the following productive sectors:

  • Blue/Ocean economy, including vessel building and repair;
  • Oil and Gas;
  • Clean Technology and Energy;
  • Mineral Beneficiation;
  • Aerospace, rail and Automotive Components;
  • Industrial Infrastructure;
  • Information Communication Technologies;
  • Agro-Processing;
  • Clothing, Textiles /Leather and Footwear;
  • Pulp, Paper and Furniture;
  • Chemicals, Pharmaceuticals and Plastics;
  • Nuclear;

P.O. Box

P O Box 73477, FAIRLANDS, 2030

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Phone

Andre: 083 640 3057

Hours

08:00 – 17:00

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