Business Report writes that a R48 million grant from Department of Trade and Industry (DTI) has created 800 jobs in Modjadjiskloof, Limpopo by a food manufacturing company.
The grant came from the DTI’s Black Industrialist Scheme, which aims at growing the global competitiveness of black-owned businesses. Agro-processing manufacturer Eastern Trading, which trades as Dursot All Joy, received the grant of R48 million. "The funding was used for machinery which resulted in an increase in production and job creation", indicated Sales and Marketing Director of Eastern Trading, Ismail Darsot. Deputy Minister of Trade and Industry, Bulelani Magwanishe, expressed his satisfaction with the Black Industrialist Scheme. He added that the expansion project undertaken by Dursot All Joy illustrated what government was capable of doing by means of job creation and global competitiveness. Dursot All Joy found a niche in the agro-processing sector to the investment value of R120 million. The R48 million grant afforded Dursot with the means of installing modern technology and their production outcome has tripled. Local farmers were also benefiting from the scheme, Magwanishe noted.
- Read this report by Zeenat Vallie in full at Business Report
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