Free State Business 2023
The 2023 edition of Free State Business is the 13th issue of this successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the Free State. Sasol, one of the biggest industrial enterprises in the province, has announced that it may have found a way to keep running the Natref refinery far into the future, because of new and cleaner technologies that it is investigating. Gold miners Harmony and Sibanye-Stillwater are prospecting for new reefs. And the provincial tourism authorities are putting their minds to creating new ways of attracting new local tourists to various eco-tourism products. All of these news items and more are contained in the sector overviews that outline the characteristics of the main economic sectors of the province, and report on the latest news in those sectors as well. One of the most active sectors is a new one – natural gas and helium, which is being vigorously pursued by Renergen through its Virginia Gas Project. Significant investments are being attracted into the newly-established Maluti-A-Phofung Special Economic Zone (MAP SEZ) in the northern part of the province and a steel mill is under construction at the Botshabelo Industrial Park east of Bloemfontein. Special features on investment incentives and starting a business are included in this edition.
The 2023 edition of Free State Business is the 13th issue of this successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the Free State.
Sasol, one of the biggest industrial enterprises in the province, has announced that it may have found a way to keep running the Natref refinery far into the future, because of new and cleaner technologies that it is investigating. Gold miners Harmony and Sibanye-Stillwater are prospecting for new reefs. And the provincial tourism authorities are putting their minds to creating new ways of attracting new local tourists to various eco-tourism products.
All of these news items and more are contained in the sector overviews that outline the characteristics of the main economic sectors of the province, and report on the latest news in those sectors as well. One of the most active sectors is a new one – natural gas and helium, which is being vigorously pursued by Renergen through its Virginia Gas Project. Significant investments are being attracted into the newly-established Maluti-A-Phofung Special Economic Zone (MAP SEZ) in the northern part of the province and a steel mill is under construction at the Botshabelo Industrial Park east of Bloemfontein. Special features on investment incentives and starting a business are included in this edition.
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SPECIAL FEATURE<br />
South African<br />
investment incentives<br />
The South African government, particularly the Department of Trade, Industry<br />
and Competition, has a range of incentives available to investors, existing<br />
companies, entrepreneurs and co-operatives across many sectors.<br />
South Africa wishes to diversify its economy<br />
and incentives are an important part<br />
of the strategy to attract investors to<br />
the country.<br />
The Department of Trade, Industry and Competition<br />
(the dtic) is the lead agency in the<br />
incentives programme, which aims to encourage<br />
local and foreign investment into targeted<br />
economic sectors, but the Industrial Development<br />
Corporation (IDC) is the most influential funder of<br />
projects across South Africa.<br />
There are a variety of incentives available<br />
and these incentives can broadly be categorised<br />
according to the stage of project development:<br />
• Conceptualisation of the project – including<br />
feasibility studies and research and develop-<br />
ment (grants for R&D and feasibility studies,<br />
THRIP, Stp, etc)<br />
• Capital expenditure – involving the creation<br />
or expansion of the productive capacity of<br />
businesses (MCEP, EIP, CIP, FIG, etc)<br />
• Competitiveness enhancement – involving the<br />
introduction of efficiencies and whetting the<br />
competitive edge of established companies and<br />
commercial or industrial sectors (BBSDP, EMIA,<br />
CTCIP, etc)<br />
• Some of the incentives are sector-specific, for<br />
example the Aquaculture Development and<br />
Enhancement Programme (ADEP), Clothing<br />
and Textile Competitiveness Improvement<br />
Programme (CTCIP) and the Tourism Support<br />
Programme (TSP).<br />
FREE STATE BUSINESS <strong>2023</strong> 2022 2021<br />
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