E AV E Theory | Experience EAVE RISK | commercial solutions INTRODUCTION OUR SERVICES Our commercial solutions provide strategic services centered on Government Sectoral Grants and Investment and Employment Incentives. We will provide information and advise on the available Government Sectoral Grants and Investment and Employment Incentives. OVERVIEW Our professionals are well suited to assist your organization in obtaining and maximizing the benefits of the available tax incentives and government grants in terms of the South African Income Tax Act, or the programmes available through the Department of Trade and Industry. ‘The South African Government has prioritised entrepreneurship and the advancement of Small, Medium and Micro-sized Enterprises (SMMEs) as the catalyst to achieving economic growth and development. With the assistance of other government departments and institutions, The Department of Trade and Industry takes the lead in implementing SMME-related policies, to ensure that adequate financial and non-financial assistance is provided to the sector, for its long-term prosperity and that of the country as a whole.’ The Department of Trade and Industry provides financial support to qualifying companies in various sectors of the economy. Financial support is offered for various economic activities, including manufacturing, business competitiveness; export development and market access, as well as foreign direct investment. Some of the available incentives through The DTI include: Source: www.dti.gov.za 12I Tax Allowance - The 12I Tax Incentive is designed to supportGreenfield investments, as well as Brownfield investments; for both capital investment and training. Capital Projects Feasibility Programme (CPFP) - The Capital Projects Feasibility Programme (CPFP) is a cost-sharing grant that contributes to the cost of feasibility studies likely to lead to projects that will increase local exports and stimulate the market for South African capital goods and services. Co-operative Incentive Scheme (CIS) - The Co-operative Incentive Scheme (CIS) is a 100% grant for registered primary co-operatives (a primary co-operative consists of five or more members). The objective of the CIS is to improve the viability and competitiveness of co-operative enterprises by lowering their cost of doing business through an incentive that supports Broad-Based Black Economic Empowerment. Incubation Support Programme (ISP) - The Department of Trade and Industry initiated the Incubation Support Programme (ISP) to develop incubators and create successful enterprises with the potential to revitalise communities and strengthen local and national economies. In continuing to strengthen economic development through broadening participation in the economy, the ISP aims to ensure that small, micro and medium enterprises (SMMEs) graduate into the mainstream economy through the support provided by the incubators. The ISP is one of the support measures to encourage partnerships in which big business assists SMMEs with skills transfer, enterprise development, supplier development and marketing opportunities. Manufacturing Competitiveness Enhancement Programme (MCEP) - The Manufacturing Competitiveness Enhancement Programme (MCEP) which is one of the key action programmes of the Industrial Policy Action Plan (IPAP) 2012/13 – 2014/15 will provide enhanced manufacturing support aimed at encouraging manufacturers to upgrade their production facilities in a manner that sustains employment and maximises value-addition in the short to medium term. Manufacturing Investment Programme (MIP) - The MIP is a reimbursable cash grant for local and foreign-owned manufactures who wish to establish a new production facility; expand an existing production facility; or upgrade an existing facility in the clothing and textiles sector. Email us on [email protected], for more information on the available grants and incentives, in relation to your organisation. Contact Details Physical Address 565 Nupen Crescent, Halfway House, 1685 Postal Address P.O. Box 3593, Halfway House, 1685 Telephone 011 315 0021 Fax 086 669 8728 Email [email protected] Website www.eavecapital.co.za