Incentives

Image Title
Incentives
Get In TouchAdded to bucket list
Incentives
Get In TouchAdded to bucket list

The Western Cape and service nodes such as Cape Town and George have developed a number of incentives specific to delineated locations that are mainly geared towards industry support and investor attraction.

The South African government, Western Cape government and the City of Cape Town have also established various sector-focused incentive schemes and tax rebates designed to stimulate economic activity on a national, provincial and local level. Some of these incentives are listed in the document attached below this section, but note this is not exhaustive.

The national government has the following incentive focus areas:

Concept and research-and-development incentives: These are incentives available to private-sector enterprises that invest in the creation, design and improvement of new products and processes. Such businesses conduct investigative activities with the intention of making a discovery that can either lead to the development of such new products and processes or to the improvement of existing products.

Capital expenditure incentives: These are incentives for companies that want to acquire or upgrade assets in order to either establish or expand the business’s productive capacity.

Competitiveness enhancement incentives: These are for investments that facilitate increased competitiveness, sustainable economic growth and development in a specific sector.

Industry-specific incentives: These include incentives for the following industries: general manufacturing, automotive, aquaculture, business-process services, textiles, film and television, tourism, and others.

Find basic information on a selection of trade agreements that South Africa is party to, as well as tax highlights, here.

Wesgo’s Research unit has developed an overview of incentives currently available to investors, which can be downloaded below by clicking the Key programmes and Incentives document below.

Incentives funds can be closed or changed at any point without prior notice, and thus Wesgro recommends contacting the Investment Promotion unit for further guidance regarding investment incentives.