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DEPARTMENT OF TRADE AND INDUSTRY AND COMPETITION (DTIC)

The DTIC and its subsidiary agencies are involved in promoting economic development, Black Economic Empowerment, implementing commercial law, regulating and promoting international trade, and protecting consumers.

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To increase industrial competitiveness and broaden enterprise participation in the economy, the DTIC provides financial support to qualifying companies across various sectors. Financial support is offered for different economic activities, including manufacturing, business competitiveness, export development and market access.

Here’s a list of the Industrial Development Incentives:

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Automotive Investment Scheme (AIS):

The AIS is designed to grow and develop the automotive sector by investing in new and/or replacement models and components that will increase plant production volumes, sustain employment, and/or strengthen the automotive value chain.

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Capital Projects Feasibility Programme (CPFP):

The CPFP is a cost-sharing programme that supports feasibility studies likely to lead to projects outside South Africa, increasing local exports and stimulating the market for South African capital goods and services.

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Clothing And Textile Competitiveness Improvement Programme (CTCIP):

The CTCIP aims to build capacity among clothing and textile manufacturers and other areas of the apparel value chain in South Africa, enabling them to supply their customers and compete on a global scale effectively. Such competitiveness encompasses issues of cost, quality, flexibility, reliability, adaptability and the capability to innovate.

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Production Incentive (PI):

Under the PI, applicants can use the full benefit as either an upgrade grant facility, an interest subsidy facility, or a combination of both.

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Critical Infrastructure Programme (CIP):

The CIP aims to enhance investment by supporting critical infrastructure, thus lowering investment costs. It is made available to approved eligible enterprises upon the completion of the infrastructure project concerned. Infrastructure for which funds are required is deemed to be ‘critical’ if the investment would not take place without the said infrastructure or the said investment would not operate optimally.

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People-Carrier Automotive Incentive Scheme (P-AIS):

This incentive is designed to stimulate a growth path for the people-carrier vehicles industry by investing in new and/or replacement models and components. This investment will result in new employment, retention of current jobs, and/or strengthen the automotive vehicles value chain.

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Section 12I Tax Allowance Incentive (12I):

The 12I Tax Incentive is designed to support greenfield investments (i.e. new industrial projects that utilise only new and unused manufacturing assets), as well as brownfield investments (i.e. expansions or upgrades of existing industrial projects). The new incentive offers support for both capital investment and training.

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Support Programme for Industrial Innovation (SPII):

The SPII is a support programme of the DTI. This programme is designed to promote technology development in the South Africa industry by providing financial assistance for developing innovative products and/or processes.

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The SPII specifically focuses on the development phase, which begins at the conclusion of basic research and ends when a pre-production prototype is completed.

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Aquaculture Development Enhancement Programme (ADEP):

The ADEP is an incentive programme available to South African-registered entities engaged in primary, secondary, and ancillary aquaculture activities in both marine and freshwater, classified under SIC132 (fish hatcheries and fish farms) and SIC 301 and 3012 (production, processing, and preserving of aquaculture fish). The grant is provided directly to approved applications for new projects or the upgrade or expansion of existing projects.

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APPLY THROUGH FUNDING CONNECTION

At Funding Connection, we understand the complexities of the various funding agencies and the unique application criteria for each. We have assisted numerous entrepreneurs through the application process to access funds like this for business growth, and we can help you with the whole process.

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  • If you would like to begin the application process through us, please start by filling out our free assessment.

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  • If you have already begun the process and would like to consult with us or need a business plan review, please click here to contact us.

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