DEPUTY MINISTER
MASINA TO VISIT SAPPI NGODWANA
The Deputy Minister
of Trade and Industry, Mr Mzwandile Masina will visit the Sappi Southern Africa
Plant in Ngodwana, Mpumalalanga as part of Taking the dti (Department
of Trade and Industry) to the Factories campaign. Deputy
Minister Masina will be hosted by Sappi Southern Africa Chief Executive Officer
(CEO), Mr Alex Thiel.
This will take
place at Sappi Southern AfricaN4 Ngodwana Mpumalanga.
The purpose of the Taking the
dti to the Factories campaign is to offer the political
leadership of the department an opportunity to visit companies which have
received funding from the dti in order to assess the impact of
the financial support, as well those that have shown potential for growth and
necessity to acquire funds from the department.
It also serves as a
platform for sharing of information and ideas on the contribution of
beneficiaries of incentives offered by the dti on the
department’s objectives, including the creation of employment,
industrialisation, economic growth, and the creation of black industrialists.
The Sappi Chemical
Cellulose Division in Ngodwana received a 12i Tax Allowance to the value of
R550m to increase the output of its production.
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