The Department of Trade and Industry (DTI)
DTI business grants are responsible for actively encouraging small businesses. The DTI is actively searching for new business owners, specifically those who will positively affect South Africa’s economy with an emphasis on valuable job creation.
The DTI business grants provide financial support to various economic activities, including manufacturing, business competitiveness, export development, market access and provide a channel for foreign direct investment. The following are some of this department’s latest programmes:
1. Automotive Investment Scheme (AIS)
This business grant is designed to grow the automotive sector. By investing in new and replacement models, and components, which will increase production volumes, sustain and increase employment, as well as strengthen the automotive value chain.
Qualifying for the grant
These types of grants are aimed at:
- Light motor vehicle manufacturers: That either have accomplished or will accomplish, a minimum of 50 000 annual units of production per plant, within a period of three years
- Component or deemed component manufacturers: Which fall under the Original Equipment Manufacturer (OEM) supply chain
- Light motor vehicle manufacturer supply chains: Who will reach at least 25% of total entity turnover or R10 million by the end of the first full year of commercial production whether they are situated locally or internationally.
Contact information:
- Working Hours: Monday – Friday 08h00 until 17h00
- National callers: 0861 843 384
- Enquiries can be sent to the following e-mail address: contactus@thedti.gov.za
- Find more information here.