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Enterprose Investment Programme (EIP) from the DTI (July 2008)
The DTI has has launched the EIP.
Enterprose Investment Programme (EIP) from the DTI (2 June 2008)
According to newspaper reports the rules for the EIP, (the EIP is the programme that will replace the SMEDP), will be announced in the Government Gazette on Friday 6 June 2008. The first applications may be submitted on 21 July. Applications for the SMEDP closed on 31 August 2006.
The EIP will comprise of 2 programmes namely:
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The Manufacturing Investment Programme (MIP); and
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The Tourism Support programme (TSP).
To stimulate investments in manufacturing qualifying investment cost will be subsidised by the MIP. Qualifying investments will be investments in machinery, equipment, land and buildings and commercial vehicles.
The TSP wil endeavour to encourage the geographic spread of tourism investment. The qualifying activities will also be broaden beyond the traditional accomodation services.
Enterprise Investment Programme (EIP) from the DTI (May 2008)
South Africa will have to wait a little bit longer for the much-anticipated successor to the Small and Medium Enterprise Development programme (SMEDP), with Trade and Industry Minister Mandisi Mpahlwa telling Parliament on Wednesday that the new incentive scheme, dubbed the Enterprise Investment Programme, would only be unveiled in July.
This comes only weeks after Public Enterprises Minister Alec Erwin, speaking on behalf of the Economic, Investment and Employment cluster, on May8 reported that the EIP would be launched in May. Mpahlwa said that the Department of Trade and Industry (DTI) was also working with National Treasury to give effect to a package of R5-billion in tax incentives, and this work was expected to be complete by December 2008.The EIP would be divided into two distinct sub-programmes, namely the Tourism Support Programme, which would focus on non-traditional tourism areas, and the manufacturing investment programme. "The guidelines regarding the project selection and approval for the new scheme reflect lessons learned from implementation of the SMEDP, and will also incorporate the principles of additionality and reciprocity as propagated in the National Industrial Policy Framework," the DTI stated.The department noted that the SMEDP had been its leading incentive for industry and enterprises, with 11 309 projects having been approved since its inception in 2000, and R12,7-billion in incentive value, of which R2,3-billion has been dispersed.From April 2006 to April 2008, some 2 501 projects were approved for R2,96-billion incentive value, of which R6-billion has been dispersed."Further refinements will involve organisational change to sharpen our focus on the hardcore industrial policy work and small business development," Mpahlwa concluded in his speech to Parliament.
Business Process Outsourcing and Off-shoring (BPO&O) Incentive (July 2007)
The Department of Trade and Industry has announced this new programme at the beginning of their current financial year. The BPO&O sector was identified by the government as one of the priority sectors to stimulate growth. The incentive is aimed at local and foreign investors with the aim to serve primarily offshore clients.
The incentive consists of 2 grants. The Investment Grant subsidises qualifying investments ranging from R 37 000 to R 60 000 per seat and the Training Support Grant support costs of company specific training up to a maximum of R 120 000 per agent.
Contact us for more information.
Incentive Consultants Association (ICA) (July 2005)
Prosperytal Consultants is proud to be a founder member of the ICA that was formed on July 12th, 2005.
The main objective of the ICA is to change the relationship between the Department of Trade and Industry, other governmental bodies and the members of the ICA. It also seeks to address Black Economic Empowerment throughout the incentive consulting industry through internal transformation.
| SIP approval (November 2004)
We are proud to have the P G Bison Ltd Group as one of our clients.
Prosperytal Consultants applied successfully for the SIP Grant for R600m for a Strategic Industrial Project of P G Bison Ltd.
Well done P G Bison, and well done Prosperytal Consultants!
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Andre Verster from Prosperytal presents Stuart Wood from P G Bison Ltd with the SIP approval letter for the new P G Bison Board Plant in the Eastern Cape. |
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