dtic Outlines Key Priorities and Industrial Policy Mechanisms for 2026/2027

Posted 28 May 2026 Written by Acts Online
Category Trade & Industry

Brought to you by SAnews: The Department of Trade, Industry and Competition (the dtic) has outlined its strategic priorities and implementation mechanisms for South Africa’s industrial policy following the tabling of the 2026/2027 National Assembly Budget Vote.

In terms of the Public Finance Management Act, No. 1 of 1999, and the strategic mandate of the dtic, the 2026/2027 Budget Vote focuses on driving inclusive economic growth through targeted industrial, fiscal, and trade instruments. Key implementation mechanisms identified by the Minister of Trade, Industry and Competition, Parks Tau, include restructured energy pricing models, expanded industrial financing, and the definition of public and private sector roles in infrastructure and manufacturing partnerships.

To stimulate international trade, the dtic intends to scale up export credit support mechanisms. This will involve structured partnerships with private and public financial institutions to underwrite South African exports, mitigating risk for local manufacturers expanding into global markets, particularly under bilateral trade frameworks and agreements with major partners like the United States.

Economic transformation remains a core regulatory focus under the Broad-Based Black Economic Empowerment Act, No. 53 of 2003. The dtic has re-emphasised that compliance with transformation targets is essential to address structural inequalities, noting that currently only 4.4% of the population actively manages the formal economy. The department will leverage its coordinating role to ensure stricter alignment with B-BBEE codes across all sectors.

What this means for you, your business, or your clients

  • For yourself: No direct individual compliance obligations; professional awareness of shifting export credit and industrial financing frameworks is advised to guide strategic planning.
  • For your business: Businesses engaged in manufacturing and export should monitor upcoming dtic partnerships and export credit underwriting schemes to leverage state-backed financial support.
  • For your clients: Clients in the manufacturing, export, and industrial sectors must ensure strict alignment with the Broad-Based Black Economic Empowerment Act, No. 53 of 2003, as the dtic signals intensified enforcement and coordination of transformation targets.

Originally published at https://www.sanews.gov.za/south-africa/government-must-take-its-role-implementation-industrial-policy

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