Deputy Minister of Trade & Industry (dti), Bulelani Magwanishe, is set to launch a multi-million-rand black industrialist expansion of Eastern Trading, a company trading as Dursots All Joy, in Modjadjiskloof, Limpopo, next month.
Darsot is a manufacturer of canned foods, vegetable oils and detergents founded by Ismail Darsot over 18 years ago. In 2015, the food producer also acquired a tomato-processing factory in Tzaneen in Limpopo.
The dti’s Black Industrialists Scheme (BIS) has approved funding of Eastern Trading to the value of R48 345 460.
The BIS is a grant programme that aims to unlock the potential of black industrialists operating in the South African economy through deliberate, targeted and well-defined financial and non-financial support measures.
“The modern technology installed as a result of the funding obtained from the dti was used for processing tomato related food products and has enabled the company to triple its production,” Mangwanishe said.
“This manufacturing capability has made Eastern Trading to be competitive in relation to modern standards of manufacturing.”
According to Magwanishe, the unemployment rate is 70% in Modjadjiiskloof and surrounding rural areas and Eastern Trading has created 70 permanent jobs and 150 contract jobs.
As a result of the state-of-the-art machinery that has been installed through the support of the BIS grant, the company is projecting to create additional 275 jobs in the next two years.
“Eastern Trading is one of the 70 companies that have benefited from the BIS since its launch in 2016. It is the third BIS project in the afro-processing value chain,” Magwanishe said.
– African News Agency