See below for a summary of the benefits of five product offerings developed by the National Treasury and South African Revenue Services in conjunction with the Department of Finance and the Department of Trade and Industry, and with the support of the Industrial Development Corporation and the South African National Energy Development Institute.
This might help to reduce your energy investment costs in actioning your business plans and expand, thereby stimulating economic growth and generating employment.
12I Tax Allowance – when you do a Greenfield investment in a new industrial project that utilises only new and unused manufacturing assets, or when you do a Brownfield investment to expand or upgrade an existing industrial project. Alternatively, when you start-up or expand your business on the basis of adhering to a culture of energy productivity.
APSS (Agro Processing Support Scheme Grant) - when you start a new agro-processing or agro-beneficiation business or expand/improve an existing agro-processing or beneficiation business.
CIP (Critical Infrastructure Programme) Grant – when you build critical infrastructure that will open up and support investment opportunities or enable investments to fully deliver on their potential.
ADEP (Aquaculture Development and Enhancement Programme) Grant - available to South African registered entities engaged in primary, secondary and ancillary aquaculture activities in both marine and freshwater environments.
Disclaimer: The information provided on the listed tax allowances, grants and facilities is, at best, of a general nature and cannot substitute for the advice of a specialist. You are advised to contact a suitable professional to obtain the latest information and who can apply the information to the particular circumstances of your case. ExtruAfrica can not take responsibility for the results or consequences of any attempt to use or adopt the information presented herein.