South Africa: Govt Invests R18 Billion in Black Industrialists

Over the past five years, nearly 800 black industrialists have been funded to the value of R18 billion, said President Cyril Ramaphosa.

"Black industrialists across the value chain, from hospitals to medical devices, have enjoyed support from development finance institutions such as the Industrial Development Corporation. Last week, we received firm commitments from both Germany and France to provide support for this venture, including financing technical expertise, skills training and know-how," President Ramaphosa said.

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