Furniture manufacturers urged to explore available funding schemes

Article - TRAVERSE

While the South African furniture manufacturing sector has endured some tough times in recent years, there are still significant financial incentives for high-quality projects. This is the view of two funding specialists who recently addressed furniture manufacturing entrepreneurs and industry stakeholders in a business webinar.

“Pre Covid-19, the sector was identified as one that could benefit from strategic investment and an Industry Master Plan was expected to be tabled in the first quarter of 2020. While this Master Plan has been delayed, there remain a number of mechanisms for accessing capital,” explained Zahra Rawjee, a director at Uzenzele Holdings, which is a Pretoria-based advisory specialising in Department of Trade, Industry and Competition (DTIC) incentives.

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