Gauteng Business 2016 edition

SPECIAL FEATURE
advantaged entrepreneurs and enterprises in obtaining the requisite
professional services such as ISO/SABS quality certification, debt and
equity finance, proper business planning, packaging, legal advice,
technology needs and marketing.
• Grants – Co-operative Incentive Scheme (CIS)
Cost-sharing grants are provided through the CIS to co-operative
enterprises with a view to enhancing the competitiveness and viability
of these enterprises. The CIS programme provides matching
grants of 90 percent (up to a maximum of R300 000) for costs related
to business development.
• Grants – Small Enterprise Development Agency (SEDA) Technology
Programme (STP)
The STP offers a range of services and financial assistance to small
enterprises, particularly those operating in the informal sector.
Export Incentives
• Grants – Emerging Exporters Development Programme
The Emerging Exporters Development Programme offers financial
support to export councils, industry associations, provincial investment
promotion and economic development agencies, business chambers,
and SEDA with a view to assisting these organisations to promote the
development of emerging exporters.
• Grants – Capital Projects Feasibility Programme
The Capital Projects Feasibility Programme provides grants to South
African registered companies to undertake feasibility studies. The value
of the grants range between R100 000 and R5-million; and, in the case
of feasibility studies for projects outside of Africa, grants are capped at
a maximum of 55 percent of the total cost of the study.
• Rebates – Imported goods, raw materials and components used
in the manufacture or processing of goods for export
Tax Exemptions – Limiting the VAT registration and administrative
burden faced by non-residents
VAT exemptions are available through licensed customs and excise
storage warehouses in South Africa in order to limit the VAT registration
and administrative burden faced by non-residents.
• Export Incentives – Industry-specific
The primary objective of the Clothing and Textile Competitiveness
Improvement Programme (CTCIP) is to build capacity in manufacturing
and in other areas of the apparel value chain in South Africa. The incentives
are provided in the form of
a matching grant of 75 percent of
project costs on cluster projects
and 65 percent of project costs for
company level projects.
Industrial Financing
Finance is available through
the Industrial Development
Corporation (IDC) at a competitive
risk-relative interest rate to
promote the establishment of
permanent infrastructure Equity
funding amounting to between
R1-million and R30-million per
project (with maximum firstround
funding of R15-million and
the right, but not obligation, to
provide follow-on funding up to
maximum of R30-million).
Municipal Incentives
Certain municipalities within
Gauteng provide additional
incentives that are specific to
the municipal area. In this respect,
location-specific incentives
are available in both the
City of Tshwane and the City
of Johannesburg metropolitan
municipalities.
45 GAUTENG BUSINESS 2016