| Investment
Incentives Big Business Incentives
South
Africa is without doubt an exciting and dynamic place to do business. For the
continuous growth of the economy and to allow the country to prosper, government
plays a key role in providing investment infrastructure, incentives and support
to business. There are over 90 incentives, loans and rebates,
that the dti has designed to offer the investors so that theirbusiness
can achieve growth and can create a better life for all South Africans. Click
on the group of incentives below, in order to access the incentives that the
dti offers. Black
Business Supplier Programme The Black Business Supplier Development
Programme (BBSDP) is an 80:20 cost-sharing, cash grant incentive scheme, which
offers support to black-owned enterprises in South Africa. Critical
Infrastructure Fund The Critical Infrastructure Fund (CIF)
is a cash grant incentive for projects that are designed to improve critical infrastructure
in South Africa. The incentive covers up to 30% of the cost of development costs
in qualifying infrastructure. Foreign Investment Grant The
Foreign Investment Grant (FIG) is a cash incentive scheme for foreign investors
who invest in new manufacturing businesses in South Africa. The foreign entrepreneur
is compensated for the qualifying costs of moving new machinery and equipment
(excluding vehicles) from abroad. The FIG will cover up to 15% of the costs of
moving new machinery and equipment, to a maximum amount of R3 000 000 (three million
rand) per entity. Productive Asset Allowance The
purpose of this offering is to reduce the amount of vehicle platforms and models
locally assembled coupled with increased investment and exports with increased
local content. The offering will save the customer money by using the rebate certificate
to off-set import duties on built up vehicle imports. Skills
Support Programme The Skills Support Program (SSP) is a cash
grant for skills development with the objective of encouraging greater investment
in training and creating opportunities for the introduction of new advanced skills. Strategic
Industrial Projects The programme represents an inventive step
by government to raise levels of private sector investment in innovative, profitable
and wealth-creating business enterprise in South Africa, whilst simultaneously
creating job opportunities within the industrial sector.
Source:
The Department of Trade & Industry
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