Hitting the roof: Mphedziseni Makhesha was so exasperated with the department of trade and industry’s delay in paying a grant they awarded him, that he took it to court.
The Pretoria high court has ordered the department of trade and industry to pay Murendi Properties and Building Suppliers, a company in its black industrialists programme, a R14.2-million grant that the DTI awarded to the company. Murendi’s chief executive Mphedziseni Makhesha says that, even though the court made the order in March this year, he is still waiting for the payment, which was approved in October 2017.
Murendi applied for the money in August 2016 through the DTI’s black industrialists programme to co-fund a R46-million expansion of its manufacturing plant for concrete roof tiles. The department agreed to a grant payment of R14 210 953 with the rest of the project being funded by a R32-million loan from the Industrial Development Corporation . The state-owned IDC, which falls under the DTI, is mandated to promote economic growth and industrial development and to develop domestic industrial capacity.This article is only available to
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