FINANCIAL SOLUTIONS
SAFI members can explore a range of financial assistance opportunities tailored to support and empower businesses within the furniture industry. From funding opportunities to financial advisory services, this section provides valuable resources to help members navigate financial challenges, access capital for growth initiatives, and optimise their financial management strategies.
MANUFACTURING SUPPORT PROGRAMME (MSP)
Department of Trade, Industry and Competition (the dtic) – April 2024
The objective of the Manufacturing Support Programme (MSP) is to:
- Promote operational efficiency and competitiveness in new or expansion
manufacturing projects. - Encourage transformation through supporting enterprises owned by Black persons,
Women, Youth and People with Disabilities. - Create and sustain employment.
- Promote localisation through the use of locally produced inputs/raw materials and
machinery directly related to production.
The objectives will be supported through the following components of the
programme:
- Competitiveness Improvements
- Green Technology and Resource Efficiency Improvements
- Production Capacity Expansion or New Projects
The MSP is available to South African registered entities engaged in manufacturing
Standard Industrial Classification (SIC 3).