Government to incentivise local raw materials’ use

FINANCE minister Mthuli Ncube says the government will introduce incentives to encourage industry to source raw materials locally as it bids to domesticate value chains.

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Ncube told a recent Daily News breakfast forum that the new measures would be contained in the next national budget.
“There is one thing that I have asked the (Finance ministry) team to delve into more seriously, it’s how we can increase incentives on the raw materials that are sourced locally for manufacturing purposes, because I want us to domesticate the value chains further through the domestication of the raw materials,” Ncub

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