By: Yolandi Booyens
21st June 2013
Unlocking available funds to realise new local tooling initiatives remains challenging, despite adequate support from government to ensure a growing fasteners and tooling industry, notes Toolmaking Association of South Africa (Tasa) Gauteng secretary Henk Snyman.
As financial institutions normally undertake a thorough investigation before funding is approved, the approval process is often perceived as being long and criticised as such. It is also true that inappropriate funding can do more harm than good.
Tasa is trying to assist industry members to prepare and apply in good time to avoid valuable business opportunities being missed, as well as to understand the need for proper preparation and timing when applying for financial support from the sources available. (…)