
R 5.7BN HAS BEEN APPROVED FOR THE MCEP OVER THE NEXT 3 YEARS
The DTI has launched a new incentive scheme called the Manufacturing Competitiveness Enhancement Programme (MCEP). The objective of the incentive is to promote enterprise competitiveness and job retention. Components of the MCEP:
1. A non-taxable cash grant calculated as a percentage of the average (calculated over two years and based on audited or independently reviewed accounts not older than 18 months) Manufacturing Value Addition (Sales less Material Input Costs) of a bus