|
 QUALIFYING
ASSETS ARE:
|
-
Owned
land and building at cost 100%
-
Leased
land and buildings (cap. @ 15%) 100%
-
Owned
machinery and equipment @cost 100%
-
Leased
machinery and equipment 100%
-
Commercial
vehicles owned and/or leased 100%
What do you get?
Approved entities may receive a tax free cash grant
on total investment in qualifying assets on the following scale:
| Level of Investment |
Cumulative Grant receivable |
|
(As a % of investment) |
| First $770 000 investment |
10% p.a. |
| Next $1.5m ($770 000- $2.3m) |
6% p.a. |
| Next $2.3m ($2.3m - $4.6m) |
4% p.a. |
| Next $3.0m ($4.6m - $7.7m) |
3% p.a. |
| Next $3.8m ($7.7m - $11.5m) |
2% p.a. |
| Next $3.8m ($11.5m - $15.0m) |
1% p.a. |
|
 |
 FOREGIN
INVESTMENT GRANT (FIG)
|
|
EXPORT
MARKETINGAND INVESTMENT ASSISTANCE (EMIA) |
Approved
qualifying foreign entities may qualify for the Foreign Investment
Grant (FIG) up to a maximum of $460 000. The grant is available
only to new qualifying investments, and offered once only
to any foreign single entity. The grant will be lower of the
actual cost of 15% of the value of new machinery and equipment
relocated from overseas. It may not exceed $460 000 per project.
The foreign investor must have at least 50% shareholding in
the South African registered entity.
This grant is not available to foreign investors from the
Southern African Customs Union (SACU) and the Southern African
Development Community (SADC).
The FIG is only available to registered incorporated legal
entities in South Africa.
Skills Support Programme (SSP)
The SSP is an incentive scheme that supports enterprises in
developing and delivering training to their employees. It
encourages enterprises to invest in training, improve industrial
training systems and introduce new and advanced skills to
their workforce. Enterprises receive a cash grant to cover
50% of their approved training costs. The maximum assistance
an enterprise may receive is 30% of its annual wage bill. |
|
|
EMIA
is a scheme designed to aid South African exporters in developing
markets for their products, while attracting foreign investment
into South Africa. Enterprises registered as exporters with
the Department of Trade and Industry (the dti)
may qualify for any one of the following schemes:
- Primary
export market research;
- Exhibition
assistance;
- Inward
buying trade missions;
- Assistance
to industry-specific sectors;
- Outward
investment recruitment missions;
- Foreign
direct investment research;
- Inward
investment missions;
- Outward
selling trade missions.
Strategic
Industrial Programme (SIP)
Qualifying
project:
Maximum allowance of 50% of the cost of the industrial assets,
however, not in excess of $46 million.
Preferred status:
100% of the cost of industrial assets, however, not in excess
of $92 million. |
|
|  Water
is wealth to this sub-continent when you consider that only 4%.
Read
more |
|
An
economic development strategy study has pinpointed the following
major.
Read
more |
|
|
