On 4 November 2015, Cabinet approved the Black Industrialists Policy which aligns with the Industrial Policy Action Plan, the National Development Plan and the Nine Point Plan that was announced by President Jacob Zuma in the 2015 State of the Nation Address.

The purpose of Black Industrialists (BI) policy is to leverage the State’s capacity to unlock the industrial potential that exists within black-owned and managed businesses that operate within the South African economy through deliberate, targeted and well-defined financial and non-financial interventions as described in the IPAP and other government policies. Read more