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Incentives

Automotive Investment Scheme (AIS)

The Automotive Investment Scheme (AIS) is an incentive designed to grow and develop the automotive sector through investment in new and/ or replacement models and components that will increase plant production volumes, sustain employment and/ or strengthen the automotive value chain.

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Capital Projects Feasibility Programme (CPFP)

The Capital Projects Feasibility Programme (CPFP) is a cost-sharing grant that contributes to the cost of feasibility studies likely to lead to projects that will increase local exports and stimulate the market for South African capital goods and services.

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Critical Infrastructure Programme (CIP)

The Critical Infrastructure Programme (CIP) is a cost sharing grant for projects designed to improve critical infrastructure in South Africa. The grant covers qualifying development costs from a minimum of 10% to a maximum of 30% towards the total development costs of qualifying infrastructure. It is made available to approved eligible enterprise upon the completion of the infrastructure project concerned.

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Export Marketing and Investment Assistance (EMIA)

The Export Marketing and Investment Assistance (EMIA) scheme develops export market for South African product and services and to recruit new foreign direct investment into the country. The purpose of assistance under the scheme is to partially compensate exporters for costs incurred in respect of activities aimed at developing export market for South African product & services and to recruit new foreign direct investment into South Africa.

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Film Incentive (Film Incentive)

The South African Government offers a package of incentives to promote its film production and post-production industry. The incentives consist of the Foreign Film and Television Production and Post-Production incentive to attract foreign-based film productions to shoot on location in South Africa and conduct post-production activities, and the South African Film and Television Production and Co-Production incentive, which aims to assist local film producers in the production of local content.

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Manufacturing Investment Programme (MIP)

The MIP is a reimbursable cash grant for local and foreign-owned manufactures who wish to establish a new production facility; expand an existing production facility; or upgrade an existing facility in the clothing and textiles sector.

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People-carrier Automotive Investment Scheme (P-AIS)

Description

The People-carrierAutomotive Incentive Scheme (P-AIS)is a sub-component of the Automotive Incentive Scheme (AIS) and provides a cash grant of between 20% and 35% of the value of qualifying investment in productive assets approved by the dti.

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Section 12I Tax Allowance Incentive (12I TAI)

Section 12I of the Income Tax Act is a tax allowance programme based on investment in new manufacturing assets and training, provided to employees in the project. The 12I Tax Incentive aims to accelerate economic growth in the industrial sector and support the Industrial Policy Action Plan (IPAP 2), particularly in terms of job creation, training and energy efficiency. The two components of the programme comprise an investment allowance of up to a maximum of R900 million, and a training allowance of up to a maximum of R30 million per project, dependent on compliance with certain criteria. Both allowances are deductible from the taxable income of the applicant company, thereby reducing their tax liability.

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Sector Specific Assistance Scheme (SSAS)

The Sector Specific Assistance Scheme (SSAS) is a reimbursable 80:20 cost-sharing grant offering financial support to export councils, joint action groups and industry associations.

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Special Economic Zone (SEZ)

A Special Economic Zone (SEZ) is defined as "a geographically designated areas of a country set aside for specifically targeted economic activities, which are then supported through special arrangements (which may include laws) and support systems to promote industrial development". The SEZ programme is a tool that is used by many economies to promote trade, economic growth and industrialisation.

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