Department of Trade, Industry and Competition
List
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| Department overview | |
|---|---|
| Formed | 1 April 2020 |
Preceding agencies |
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| Jurisdiction | Government of South Africa |
| Headquarters |
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| Employees | 1,154 (2026/27) |
| Annual budget | R11.69 billion (2026/27) |
Ministers responsible |
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Department executives |
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Key document |
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| Website | thedtic |
| Map | |
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The Department of Trade, Industry and Competition (DTIC) is a department of the South African national government, and is responsible for commercial and industrial policy, thereby developing the South African economy.
More specifically, the dtic aims to build a South African economy that is dynamic, industrial, and globally competitive, as well as one that is inclusive and offers decent employment and equity.[1]
Previously known as the Department of Trade and Industry (DTI), the department 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.
The department is led by the Minister of Trade and Industry, who is assisted by a Deputy Minister. As of 2026, the Minister is Parks Tau of the ANC, and the Deputy Minister is John Steenhuisen of the DA. The executive head of the department is the Director-General of Trade and Industry.[2]
History
[edit]The DTIC was formed in 2020, through the merger of the former Department of Trade and Industry (DTI) and the Economic Development Department (EDD). The Presidency announced the merger in 2019, and it took effect on 1 April 2020.[3]
Structure
[edit]The DTIC group consists of 18 entities, organized into regulators, development finance institutions, and standards institutions.[4]
Development finance institutions
[edit]- Export Credit Insurance Corporation (ECIC)
- Industrial Development Corporation (IDC)
- National Empowerment Fund (NEF)
Regulatory institutions
[edit]- Companies and Intellectual Property Commission (CIPC)
- Companies Tribunal
- Competition Commission
- Competition Tribunal
- National Consumer Commission (NCC)
- Consumer Tribunal
- International Trade Administration Commission (ITAC)
- National Credit Regulator (NCR)
- National Gambling Board (NGB)
- National Lotteries Commission (NLC)
- Takeover Regulation Panel
Standards institutions
[edit]- National Metrology Institute of South Africa (NMISA)
- National Regulator for Compulsory Specifications (NRCS)
- South African Bureau of Standards (SABS)
- South African National Accreditation System (SANAS)
Important legislation
[edit]The DTIC is guided by numerous major pieces of legislation, including:[5]
- The Competition Act, 1998
- The International Trade Administration Act, 2002
- The Broad-Based Black Economic Empowerment Act, 2003
- The Companies Act, 2008
- The Consumer Protection Act, 2008
- The Special Economic Zones Act, 2014
Investment in startups
[edit]In May, 2024, the 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 was intended to prepare South African startups for the "fourth industrial revolution".[6]
See also
[edit]References
[edit]- ↑ "Department of Trade, Industry and Competition – the Department of Trade Industry and Competition".
- ↑ "dtic Annual Report - 2022" (PDF). Archived from the original (PDF) on 29 May 2023.
- ↑ "The Department of Trade, Industry and Competition". Department of Trade, Industry and Competition. Retrieved 18 October 2026.
- ↑ "Revised Strategic Plan 2025–2030" (PDF). Department of Trade, Industry and Competition. 13 June 2025. Retrieved 18 October 2026.
- ↑ "Economy". Government of South Africa. Retrieved 18 October 2026.
- ↑ "Big names ramp up investment into African AI startups". 9 December 2024.
