A special, world class suite of incentives – available to both current and future investors in the Coega Industrial Development Zone (IDZ) – is driving investment appetite and supporting existing investors, the Coega Development Corporation (CDC) said today. Unlocked by the new Special Economic Zone (SEZ) policy, promulgated last year, the long-awaited suite of incentives are primed to make SEZ's more attractive to both domestic and foreign investment. "For a long time, our ambitions as an … [Read more...] about Coega offers investors world class incentives
incentives
More incentives to go green in #Budget2015
On top of tumbling prices for renewable energy components and amidst a relatively slow uptake by business and individuals government has announced a number of enhancements to incentives enabling business to make greater use of renewable energy: An increased energy saving tax incentive. Planned enhancements to an already generous accelerated depreciation of renewable energy installations. High Energy Users to be slapped with a levy. What was not mentioned in the Budget was the … [Read more...] about More incentives to go green in #Budget2015
More automotive industry incentives
Trade and Industry Minister Dr Rob Davies has approved the new Medium and Heavy Commercial Vehicles-Automotive Investment Scheme (MHCV-AIS) guidelines to stimulate investment in the production of vehicles in the country. The MHCV-AIS is a sub-component of the Automotive Investment Scheme, an incentive designed to grow and develop the automotive sector in South Africa. "The broadening of the scope of the AIS to include medium and heavy commercial vehicle manufacturers is in line with the … [Read more...] about More automotive industry incentives
R10.9 Million job creation incentives awarded to Coega investors
The Eastern Cape Development Corporation (ECDC), through its Jobs Stimulus Fund, has disbursed R5.2-million in rewards to three Coega investor's job creation efforts and contribution to the economy to date. Overall it has committed over R10-million's worth in incentive grants to six Coega Industrial Development Zone (IDZ) investors. The Jobs Stimulus Fund incentivises Eastern Cape job creation through sector-specific, catalytic investments which stimulate sustainable new jobs across the … [Read more...] about R10.9 Million job creation incentives awarded to Coega investors
