“The Department of Trade, Industry and Competition unveiled the Industrial Development Strategy 2026, focusing on agro-processing, manufacturing, and global trade agreements.”
South Africa’s Department of Trade, Industry and Competition (DTIC) has launched the Industrial Development Strategy 2026, aimed at boosting competitiveness in a rapidly changing global economy. The strategy emphasizes agro-processing, manufacturing, and leveraging trade agreements to access high-growth markets.
Key initiatives include the Agro-Processing Support Scheme, offering financial incentives to strengthen the agricultural value chain. The Black Industrialists Scheme has also been expanded, unlocking up to R50 million in catalytic funding for manufacturing ventures.
South Africa’s trade agreements with African and global partners are central to the strategy. By reducing tariffs and opening new markets, the government aims to position local exporters for growth. Participation in international trade shows and pavilions will further showcase South African products.
The DTIC highlights the need to diversify exports, strengthen industrial ecosystems, and support small businesses. With geopolitical tensions reshaping supply chains, South Africa seeks to secure new markets and reduce vulnerability to external shocks.
This strategy aligns with broader macroeconomic goals: fostering inclusive growth, creating jobs, and enhancing resilience. If successful, it could transform South Africa’s industrial landscape and reinforce its role in global trade.
