Telkom has announced its willingness to work with the government's incentive programme by significantly dropping bandwidth costs for the business process outsourcing and offshoring industry in South Africa.
South Africa has launched an Enterprise Investment Programme, offering investment support to small and medium manufacturing and tourism companies based outside the country's major metropolitan areas
South Africa has announced revised film and television production incentives aimed both at growing the local industry and attracting more foreign productions to the country.
The government has appointed state company Eskom as the sole buyer of power from independent power producers, providing a measure of certainty for investors looking to enter South Africa's energy market.
South Africa is looking to its business process outsourcing sector to help drive economic growth and create employment, and is offering investors incentives to help develop the local industry, says Trade and Industry Minister Mandisi Mpahlwa.
Deputy President Phumzile Mlambo-Ngcuka, speaking at the launch of IBM South Africa's Integrated Delivery Centre in Johannesburg, said the Accelerated and Shared Growth Initiative for SA would create a highly conducive environment for multinational companies to do business in the country.
The European Union is a key source of new foreign investment for South Africa, although the benefits of the EU-SA Free Trade Agreement require better marketing. This is just one of the findings of new research on foreign direct investment and the business climate in South Africa.
A joint survey by the World Bank and Department of Trade and Industry has found South Africa's investment climate to be "favourable" compared to other African countries, as well as other middle-income countries throughout the world.
South Africa has launched an urban renewal tax incentive to encourage the refurbishment and construction of commercial and residential properties in the country's 16 major cities.
South Africa's film industry has received a major fillip from the government, which is offering some $40-million in tax incentives to local and foreign film companies over the next three years.