DTIC says Industrial Parks Revitalisation Programme continuously being developed

The Department of Trade, Industry and Competition (DTIC) last month confirmed that it had, so far, spent R511-million on the Industrial Parks Revitalisation Programme, which was established in 2016 to deal with the insufficient resources available from local and provincial government to maintain industrial parks.

In a Parliamentary reply, the DTIC said no concessions had been made available from provincial or local government as yet.

“The DTIC has been facilitating yearly symposia involving all the industrial parks, as well as the local municipalities and provincial representatives, to strengthen collaboration across the different spheres of government, including the development of future funding models for the sustainability of the industrial parks.

“Concessions and other forms of support from local and provincial governments are envisaged to form part of the funding models. However, modalities for such funding still require appropriate consultation,” the DTIC stated.

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