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S. Africa Clothing Plan Stabilizing Industry, Business Day Says

Nov. 30 (Bloomberg) -- Incentives offered to South African clothing manufacturers have stabilized the industry and support will be offered to other manufacturers in the country, Business Day said, citing Trade and Industry Minister Rob Davies.

Clothing incentives worth 112 million rand ($13 million) have been taken up by 105 companies, while production incentives have been paid to 199 companies, the Johannesburg-based newspaper reported. Approvals have reached 624 million rand, it said.

Employment in the clothing industry increased to 58,000 at the end of September compared with 56,985 in December 2010, as the competitiveness program helped stimulate its growth, Business Day cited Davies as saying.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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