CAPE TOWN - The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe will be launching a multi-million-rand Black Industrialist firm, Maneli Pets food in Edenvale, Gauteng on 1 September 2017.
Maneli Pets food was approved for grant funding of R12.5 million from the Department of Trade and Industry’s (the dti) Black Industrialist Scheme (BIS).
The potential of black industrialists operating in the South African economy is unleashed with BIS which acts as an incentive. Maneli Pets acquired funding of R26.6 million from the Industrial Development Corporation, and the owners have made an equity contribution of R8 million to the project as well.
The company has contributed to job creation with 42 jobs created since the start of production and with the intent of creating 80 jobs during the next five years.
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“The dti has approved funding for 25 Black Industrialists projects in Gauteng, projecting to inject R2.2 billion in the province economy with over 2600 direct jobs to be created. These investments cut across the productive sectors of the economy, such as metals and pharmaceuticals,” said Magwanishe. Maneli is started operating in June 2017.
The company manufactures premium quality foods and treats for the global pet market. The aim of the company is to become a global competitor in the pet food industry.
Maneli is a niche manufacturer in the agro-processing value chain which targets production of premium quality foods and treats for the global pet market. The company's manufactured high protein pet foods is sourced from raw materials locally from Limpopo, Northern Cape and the Eastern Cape.
- BUSINESS REPORT ONLINE