... [Laughter.] ... I should be invited more regularly to the NCOP. I can see you have lots of fun here. However, on a serious note I think, hon member, we seek to promote policy certainty by always indicating the period for which a rating applies so that companies know that over that period they would know that they have complied with the rules of the fund.
In a case of this particular fund that has been agreed by the auto sector, they have put a value to it of some R6 billion. It is a combination of cash that would be made available to companies that want to manufacture components so that we deepen the localisation levels in the economy, we don't import all of our components. It
would include technical assistance to companies in kind support and it will also include procurement where these big companies; Volkswagen or Mercedes Benz, etc, buy from black-owned companies. It was part of an agreement that we have reached to have the new SA Auto master plan.
In that case, what we have indicated to the companies - the terms that will indicate the period that we have the auto master plan and the period that they would get effectively the benefits - the benefits are less to do with BEE as specifically - it has to do with participation in the auto skill through which government provides a range of incentives. In return, companies are expected to invest heavily to employ people and to expand our GDP through the industrial output. Thank you.
Question 174: