The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe will launch a multi-million-rand Black Industrialist firm, Maneli Pets food in Edenvale, Gauteng on 1 September 2017. Maneli  Pets food was approved for grant funding of R12.5 million from the Department of Trade and Industry’s (the dti) Black Industrialist Scheme (BIS) for

The BIS is an incentive of the Black Industrialists Programme that aims to unlock the potential within black industrialists operating in South African economy through deliberate, targeted and well-defined financial and non-financial interventions.

Maneli obtained funding of R26.6 million from the Industrial Development Corporation, and the owners have made an equity contribution of R8 million to the project. The company has so far created 42 job since commencing production with the intention of creating 80 direct jobs during the next five years.

“the dti has approved funding for 25 Black Industrialists projects in Gauteng, projecting to inject R2.2 billion in the province economy with over 2600 direct jobs to be created. These investments cut across the productive sectors of the economy, such as metals and pharmaceuticals,” says Magwanishe.

Maneli is a new company that started operating in June 2017. The company is a specialist manufacturer of premium quality foods and treats for the global pet market. The company aims to become one of the best pet food makers globally. It is a niche manufacturer in the agro-processing value chain, targeting production of premium quality foods and treats for the global pet market. The company manufactures high protein pet foods, with raw materials sourced locally from Limpopo, Northern Cape and the Eastern Cape.

 

Issued by Department of Trade and Industry