Manufacturing Circle members keen to tap R5.75bn manufacturing incentiveWithin the coming three months, about one-quarter of the Manufacturing Circle’s 49 member firms are likely to make application to the Department of Trade and Industry (DTI) to access industrial financing available under the newly launched R5.75-billion Manufacturing Competitiveness Enhancement Programme (MCEP).
The MCEP, which was unveiled in the February Budget and formally launched by Trade and Industry Minister Rob Davies on May 15, will open for applications from June 4, when an online application system is due to be operational.
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