South Africa's Department of Trade and Industry has approved more than R3-billion in incentives for 436 manufacturing enterprises with a combined investment value of R13.1-billion since the inception of its Manufacturing Competitiveness Enhancement Programme.
South Africa has a vibrant film industry that is increasingly competitive internationally. Local and foreign filmmakers are taking advantage of the country's diverse locations - as well as low production costs and favourable exchange rate.
South Africa's Department of Trade and Industry has launched a R800-million incentive programme for marine and freshwater fishing projects aimed at growing the country's fledgling aquaculture industry.
Potential investors have been given a boost by the Nelson Mandela Bay Municipality in the Eastern Cape, which is offering discounted rates, electricity and services for companies that bring new investments to Port Elizabeth.
Businesses looking to get involved in creating employment and growing productive capacity in South Africa can now access information on government incentives through a one-stop portal.
The Industrial Policy Action Plan has stabilised South Africa's clothing sector, turned the automotive sector around, added jobs in business process services, and introduced procurement designation to boost local production, says Trade and Industry Minister Rob Davies.
The Department of Trade and Industry will offer incentives worth R5.75-billion over the next six years to help South Africa's manufacturing sector become more competitive in an increasingly difficult global environment.
Changes to the incentives for foreign film and television productions will enable local post-production companies to attract work that is not necessarily filmed in South Africa, helping to sustain and grow South Africa's film industry.
The latest version of the state's Industrial Policy Action Plan will see the Industrial Development Corporation investing R102-billion in targeted South African manufacturing sectors over the next five years, says Trade and Industry Minister Rob Davies.
Finance Minister Pravin Gordhan has allocated R9.5-billion over the next three years to boost South African businesses through competitiveness incentives and investment in technology, enterprise development and agriculture.