LIMPOPO – The Deputy Minister of Trade and Industry (DTI) Bulelani Magwanishe will, next month, launch a multi-million rand black industrialist expansion of Eastern Trading. The company trades as Darsots All Joy, in Modjadjiskloof, Limpopo. Darsot is a well known manufacturer of canned foods, detergents and vegetable oils that was founded by Ismail Darsot over 18 years ago. The food producer also acquired a tomato-processing factory in Tzaneen in Limpopo in 2015.
The DTI’s Black Industrialist Scheme (BIS) has approved funding of Eastern Trading to the value of R48 345 460.
The BIS is a grant programme with the aim to unlock 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,” said Magwanishe.
He added: “This manufacturing capability has made Eastern Trading to be competitive in relation to modern standards of manufacturing.” The unemployment rate is at 70% in Modjadjiskoof and surrounding rural areas, according to Magwanishe, and Eastern Trading has created 70 permanent jobs and 150 contract jobs.
Magwanishe also added: Eastern Trading is one of the 70 companies that have benefited from the BIS since it launched in 2016. It’s the third BIS project in the afro-processing value chain.”