Limpopo Business 2017-18 edition
A unique guide to business and investment in Limpopo. Limpopo Business 2017/18 is the ninth edition of this highly successful publication that has, since its launch in 2007, established itself as the premier business and investment guide to the Limpopo Province. This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo. This book contains detailed insights into the plans of the Limpopo Economic Development Agency (LEDA) and the recently launched bus rapid transport system for the provincial capital, Leeto la Polokwane, together with a comprehensive register of all provincial government and municipal contact details. Investment news related to mining, telecommunications and tourism is carried in overviews of all the main economic sectors. To complement the extensive distribution of the print edition of the magazine, the publication is also available online at www.limpopobusiness.co.za.
A unique guide to business and investment in Limpopo.
Limpopo Business 2017/18 is the ninth edition of this highly successful publication that has, since its launch in 2007, established itself as the premier business and investment guide to the Limpopo Province. This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
This book contains detailed insights into the plans of the Limpopo Economic Development Agency (LEDA) and the recently launched bus rapid transport system for the provincial capital, Leeto la Polokwane, together with a comprehensive register of all provincial government and municipal contact details. Investment news related to mining, telecommunications and tourism is carried in overviews of all the main economic sectors.
To complement the extensive distribution of the print edition of the magazine, the publication is also available online at www.limpopobusiness.co.za.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Special Economic Zones<br />
Investor-friendly measures are attracting investors to designated growth<br />
zones in <strong>Limpopo</strong>.<br />
Special Economic Zones are created in<br />
terms of the Special Economic Zones Act<br />
of 2014 (Act 16 of 2014). The act defines an<br />
SEZ as “geographically designated areas of<br />
the country that are set aside for specifically targeted<br />
economic activities, and supported through special<br />
arrangements and systems that are often different<br />
from those that apply to the rest of the country”.<br />
Lower corporate tax rates and duty-free imports<br />
are among the advantages that accrue to investors.<br />
Infrastructure at a Special Economic Zone (SEZ)<br />
supports the specific industry and attracts foreign<br />
investors with a strong focus on beneficiation of<br />
local produce or materials. SEZs are designed to<br />
attract investment, create jobs and boost exports.<br />
Skills transfer is another stated aim behind the<br />
SEZ programme.<br />
The National Department of Trade and Industry<br />
(dti) is the lead agent in the creation of Special<br />
Economic Zones, which are part of the national<br />
Industrial Policy Action Plan (IPAP).<br />
Several incentives are available to investors in<br />
SEZs. These include tax breaks from the South<br />
African Revenue Service (SARS), subsidised interest<br />
rates from the Industrial Development<br />
Corporation (IDC), subsidies for employees<br />
earning below a certain level and subsidies for<br />
the training of the workforce, incentives and<br />
grants from the dti, and incentives from national<br />
electricity utility Eskom.<br />
Other benefits might include a building allowance,<br />
employment incentives and the fact that an<br />
SEZ is a customs-controlled area. Within the dti’s<br />
Manufacturing Competitiveness Enhancement<br />
Programme, there is a Green Energy Efficiency<br />
Fund, all of which are designed to make investment<br />
in the zones more attractive, and to bolster<br />
the country’s manufacturing sector.<br />
LIMPOPO BUSINESS <strong>2017</strong>/<strong>18</strong><br />
24