Department of Trade, Industry and Competition

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Department of Trade, Industry and Competition
List
  • 10 other official names:
  • Departement van Handel en Nywerheid (Afrikaans)
  • umNyango wezeRhwebo namaBubulo (Southern Ndebele)
  • iSebe lezoRhwebo noShishino (Xhosa)
  • uMnyango Wezohwebo Nezimboni (Zulu)
  • Litiko Letekuhwebelana Netetimboni (Swazi)
  • Kgoro ya Bogwebi le Bohlagiši (Northern Sotho)
  • Lefapha la Kgwebisano le Indasteri (Sotho)
  • Lefapha la Kgwebisano le Madirelo (Tswana)
  • Ndzawulo ya Mabindzu na Vumaki (Tsonga)
  • Muhasho wa Mbambadzo na Nḓowetshumo (Venda)
Department of Trade, Industry and Competition logo.svg
Logo of the department
Department overview
Jurisdiction Government of South Africa
HeadquartersThe dti Campus, 77 Meintjies Street, Sunnyside, Pretoria
25°45′02″S28°12′00″E / 25.75056°S 28.20000°E / -25.75056; 28.20000
Employees1,140 (2009)
Annual budget R6,150.1 million (2010/11)
Ministers responsible
Department executives
Website www.thedtic.gov.za
Map
Department of Trade, Industry and Competition

The Department of Trade, Industry and Competition (DTIC) has a mandate to develop the South African economy. They envision a dynamic, industrial and globally competitive economy, that is inclusive, offers decent employment and equity. [1] Previously known as the Department of Trade and Industry (the dti) this department, within the South African government, is responsible for commercial policy and industrial policy. The dtic and its subsidiary agencies are involved in promoting economic development, Black Economic Empowerment, implementing commercial law (including companies law and intellectual property law), promoting and regulating international trade, and consumer protection.

Contents

The political head of the department is the Minister of Trade and Industry, who is assisted by a Deputy Minister. As of 2023, the minister is Ebrahim Patel and the deputy ministers are Nomalungelo Gina and Fikile Majola. The executive head of the department is the Director-General of Trade and Industry. [2]

Investment in Startups

In May, 2024, Microsoft AI Startup initiative and the DTIC agreed to a R1.32 billion investment for skills development in emerging technologies among black-owned SMMEs. The investment is intended to prepare South African startups for the "fourth industrial revolution". [3] Small business will learn how to leverage the "companies cloud infrastructure, AI tools, and go-to-market support", so that they can scale. [4]

In the 2010 national budget, the department received an appropriation of 6,150.1 million rand, and had 1,140 employees. [5]

Subsidiary agencies

The dtic Group includes various subordinate agencies which perform specific functions. These agencies are classified in three "clusters", as follows. [6]

Development Finance and Small Business Development Institutions

Regulatory Institutions

Standardisation, Quality Assurance, Accreditation and Metrology Institutions

See also

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References

  1. https://www.thedtic.gov.za/department-of-trade-industry-and-competition/
  2. "dtic Annual Report - 2022" (PDF). Archived from the original (PDF) on 29 May 2023.
  3. https://htxt.co.za/2024/12/big-names-ramp-up-investment-into-african-ai-startups/
  4. https://africabusinesscommunities.com/tech-24/microsoft-announces-plans-to-leverage-ai-to-fast-track-growth-of-startups-in-africa/
  5. "Vote 35: Trade and Industry" (PDF). Estimates of National Expenditure 2010. Pretoria: National Treasury. 17 February 2010. ISBN   978-0-621-39079-7 . Retrieved 3 September 2010.
  6. "Overview of the dti Group". Department of Trade and Industry. Retrieved 26 May 2016.