Industrial Development Concepts

Question 1

Black business supplier development programme (BBSDP)

Answer 1

An incentive for black businesses consisting of 80% cash grant to help increase the number of cash suppliers.

Question 2

Critical infrastructure programme (CIP)

Answer 2

Offers cash grant’s for projects that require new, expanded or improved infrastructure.

Question 3

Department of trade and industry (DTI)

Answer 3

Provides a competitive, socially responsible environment for investment, trade and enterprise development.

Question 4

Foreign investment grant (FIG)

Answer 4

Offer’s cash grants for foreign investors who invest in news manufacturing businesses in South Africa.

Question 5

General agreement in tariffs and trade (GATT)

Answer 5

A multilateral agreement regulating international trade. It purpose is to reduce tariffs and other trade barriers.

Question 6

Industrial development corporation (IDC)

Answer 6

Set up by the government to promote economic growth and industrial development in South Africa and Africa.

Question 7

Industrial development zone (IDZ)

Answer 7

These are purpose-built industrial estates that are physically enclosed and linked to international port or airport.

Question 8

Integrated manufacturing strategy (IMS)

Answer 8

A strategy to strengthen the institutional capacity to deliver services that will facilitate development.

Question 9

Industrial development

Answer 9

Refers to policies that are aimed at the encouragement of industrial investments and greater industrial efficiency.

Question 10

Regional industrial development

Answer 10

Refers to polices that aim to increase the economic livelihood of areas or geographical regions.

Question 11

South African development community (SADC)

Answer 11

An inter-government organization whose aim is to further socioeconomic cooperation and integration, as well as political and security cooperation among 15 southern African states.

Question 12

Spatial development initiatives (SDI)

Answer 12

Initiated to attract infrastructure and business investment to neglected and underdeveloped areas.

Question 13

Small and medium enterprise development programme (SMEDP)

Answer 13

A programme that offers grands paid to to local and foreign manufacturers starting new businesses.

Question 14

Skills support programme (SSP)

Answer 14

A cash incentive granted for skills development.