Clothing and Textiles Competitiveness Programme (CTCP)
OBJECTIVE
The CTCP makes targeted Incentive Schemes to grow and develop the clothing, textiles, footwear, leather and leather goods manufacturing sectors. It is divided into the Improvement Programme (CTCIP) and the Production Incentive (PI).
BENEFICIARIES
Manufacturers in the South African clothing, textiles, footwear, leather and leather goods sectors.
BENEFITS
The CTCIP makes 65% Incentive Schemes to individual companies and 75% Incentive Schemes to company clusters.
The PI makes Incentive Schemes pegged at 7.5% of individual company manufacturing value addition.
Incentive Schemes may be used for interventions that improve competitiveness, including upgrades and expansion of capital equipment, increasing productivity, enhancing employee skills, improving products and processes, reducing costs and subsidising interest payments on debt.
