Current Edition >> Archives Section >> SMME Information >> February 2001
New industrial and investment incentives, opening up some exciting possibilities for SMME's, have been announced by the Minister of Trade and Industry, Mr Alec Erwin, with effect from 1 September 2000.
The new incentive package consists of the following programmes:
• Small Medium Enterprise Development Programmes (SMEDP)
• The SMEDP assists new industries and the expansion of existing industries with an
investment not exceeding R 100 million
• The incentive package provides a cash grant payable for the first two years on
approved qualifying assets. An additional grant is payable in the third year based on the
ratio of human resource remuneration expressed in terms of manufacturing cost.
• Industries that qualify for the incentive package are: Manufacturing / Agricultural
projects / Aqua-culture / Bio-Technology / Information and Communication Technology /
Culture Industries / Tourism / Business Services
Skills Support Programme (SSP)
This programme offers a cash grant for skills development to enable new investors and
large expansions to prepare their workforce. Only investment projects that qualify for the
SMEDP may apply for the SSP.
Critical Infrastructure Programme (ClP)
The Critical Infrastructure Programme has been established to support the provision of
economic infrastructure directly linked to committed private sector investment where
immediate requirements are not in place to expedite the investment process. Two funding
windows are primarily envisaged - municipalities and the private sector. A limited number
of projects will be supported. Only projects in excess of R 100 million may apply for the
Critical Infrastructure Programme.
Industrial Development Zone Programme (IDZ)
The IDZ's will be purpose-built industrial estates linked to an international port or
airport in which quality infrastructure and expedited customs procedures are coupled with
duty free operating environments suited to export-orientated production. Government will
license operators to develop and manage the lDZ's, provide enterprise support measures,
minimise red tape and provide efficient services to enterprises within an LDZ. Government
will first designate areas suitable for IDZs. Prospective IDZ operator companies will then
be able to apply for permits to develop and then to operate an lDZ.
Roadshow
The Enterprise Organisation of the Dept of Trade and Industry will embark on a Road Show
to market the new programmes throughout South Africa. The preliminary itinerary is as
follows:
• 12 to 16 February 2001- Western Cape and Eastern Cape
• 19 to 23 February 2001 - Kwa-Zulu Natal and Mpumalanga
• 26 Feb to 1 March 2001 - Fee State and North West Province
• 5 to 9 March 2001 - Northern Cape and Gauteng
• 12 to 16 March 2001 - Northern Province
For more information, the following officials from the DTI can be contacted:
Herman Truter Tel : (012) 310 1525 Cell : 082 788 1536 E-mail : htruter@dti.pwv.gov.za
Koos Pretorius Tel: (012) 310 9945 Cell : 082 788 1534
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