Limpopo Business 2016-17 edition
The 2016/17 edition of Limpopo Business is the eighth issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide to the Limpopo province. Limpopo is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy. This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
The 2016/17 edition of Limpopo Business is the eighth issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide to the Limpopo province.
Limpopo is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy.
This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
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FOCUS<br />
Other allowances<br />
• Industrial policy investment<br />
projects<br />
• Depreciation allowance<br />
• Capital allowance on<br />
machinery and plant (manufacturing<br />
allowance)<br />
• Learnership allowance<br />
• Research and development<br />
allowances: 150%<br />
• Small business turnover tax –<br />
for businesses with turnover<br />
less than R1-million<br />
• Small business corporation less<br />
than R20-million turnover<br />
• Accelerated depreciation<br />
allowance – all year one<br />
• Improved tax rates – on graduated<br />
basis<br />
• Energy-saving incentives<br />
• Municipal rates rebates<br />
Legislative framework<br />
for SEZs<br />
The SEZs are established in terms<br />
of the SEZ Act of 2014. The Act<br />
provides for:<br />
• The Minister to determine<br />
policy for the designation,<br />
promotion, development,<br />
operation and management<br />
of Special Economic Zones<br />
• The SEZ Act provides for the establishment of an Advisory Board to<br />
advise the Minister of Trade and Industry on the following:<br />
• Designation of SEZs<br />
• Financing and support measures<br />
• SEZ Fund – applications and approvals<br />
• Support measures<br />
• Implementation protocols<br />
Roles and responsibilities<br />
of the SEZs<br />
The implementation of SEZs requires cordial relations between national<br />
departments, provincial and local government based on mutual<br />
respect between spheres of government and state agencies.<br />
The national departments that have a role in the SEZs are:<br />
• the dti: responsible for policy on the establishment and operation<br />
of SEZs<br />
• National Treasury: approval of funding and special waivers for foreign<br />
investors (capital movement and investments)<br />
• Mineral Resources: custodian of Mineral Beneficiation policy<br />
• Energy: implementation of different energy mix and technologies<br />
• Home Affairs: approval of work permits for foreign workers in SA<br />
• Science and Technology: support for technology transfer<br />
• Higher Education: custodian of skills development policy<br />
In the province, the key departments are: Treasury and Enterprise<br />
Development, Cooperative Governance, Roads and Transport<br />
National agencies include: SARS, Transnet, Eskom and the Industrial<br />
Development Corporation (IDC)<br />
Municipalities include: Greater Sekhukhune District Municipality and<br />
Greater Tubatse Municipality<br />
29 LIMPOPO BUSINESS <strong>2016</strong>/<strong>17</strong>
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