DSCIF
Ref: GRT-1CCXYGOT
Funding Available
Up to R75 million
South Africa Wide
Manufacturing
Not specified
Manufacturing
About This Grant
To help the struggling steel industry with an interest subsidy that offers discounts to qualifying clients.
What Can It Fund?
- modernization
- upgrade
- expansion
- working capital
- quality certification
Eligible Costs
- -modernization of plant machinery and equipment
- -upgrade of plant machinery and equipment
- -capacity expansion of existing plants
- -process improvements for cost efficiencies and productivity
- -working capital requirements
- -assist firms to achieve appropriate industry quality certification and standards
Ineligible Costs
- -pilot plants
- -integrated steel mills
- -component manufacturers that qualify for other incentives
- -large multinational OEMs and assemblers and their subsidiaries that already benefit from a specific government support programme
Expected Outcomes
- increased capacity
- job creation
- improved productivity
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