DURBAN – The Deputy Minister of Trade and Industry, Bulelani Magwanishe and the KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs, Sihle Zikalala will launch a multimillion-rand Black Industrialist textile firm, Africa Bespoke Apparel (ABA).
The factory will officially be launched on Tuesday, January 22 in Verulam, KwaZulu-Natal.
ABA is a 100 percent black-owned company operating in the textile, clothing and footwear sector. The company is the first one amongst the Black Industrialists beneficiaries to create about 450 employment opportunities within four months of its operation.
ABA was approved for grant funding of R35.5 million from the Department of Trade and Industry (the dti’s) Black Industrial Scheme (BIS) and the project is co-funded by KwaZulu-Natal government’s Growth Fund.
The BIS is an incentive of the Black Industrialists Programme that aims to unlock the potential within black industrialists operating in South African economy through deliberate, targeted and well-defined financial and non-financial interventions.