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Free State Business 2021

The 2021 edition of Free State Business is the 11th issue of this successful publication that, since its launch, has established itself as the premier business and investment guide for the Free State. The Free State has varied investment and business opportunities and the Free State Development Corporation describes some of these in detail in these pages. Drilling for natural gas is a new phenomenon which may spark activity in other sectors and this journal notes significant new investments and projects in the chemicals and mining sectors. The official launch of the Maluti-A-Phofung Special Economic Zone (MAP SEZ) was a significant event for the economy of South Africa’s most centrally located province. Located on the strategically significant N3 highway that links the economic heartland of South Africa to the coast, the MAP SEZ has the potential to attract new investors and spark a revival in the manufacturing sector. In addition, overviews on each of the key economic sectors provide up-to-date information on trends in the mining and tourism sectors, for example. Regular information about the size and nature of each sector is also included.

The 2021 edition of Free State Business is the 11th issue of this successful publication that, since its launch, has established itself as the premier business and investment guide for the Free State. The Free State has varied investment and business opportunities and the Free State Development Corporation describes some of these in detail in these pages. Drilling for natural gas is a new phenomenon which may spark activity in other sectors and this journal notes significant new investments and projects in the chemicals and mining sectors. The official launch of the Maluti-A-Phofung Special Economic Zone (MAP SEZ) was a significant event for the economy of South Africa’s most centrally located province. Located on the strategically significant N3 highway that links the economic heartland of South Africa to the coast, the MAP SEZ has the potential to attract new investors and spark a revival in the manufacturing sector. In addition, overviews on each of the key economic sectors provide up-to-date information on trends in the mining and tourism sectors, for example. Regular information about the size and nature of each sector is also included.

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is renting out 18 850 sqm standalone factory including Furniture<br />

FDC<br />

Machinery, Equipment, and Furniture for <strong>Business</strong><br />

Manufacturing<br />

SPECIAL FEATURE<br />

Manufacturing<br />

Key components of the incentive<br />

programme are the Manufacturing<br />

Incentive Programme<br />

(MIP) and the Manufacturing<br />

Competitiveness Enhancement<br />

Programme (MCEP). The initial<br />

MCEP, launched in 2012,<br />

was so successful that it was<br />

oversubscribed with almost 890<br />

businesses receiving funding.<br />

A second phase of the programme<br />

was launched in 2016. The grants are<br />

not handouts as the funding covers a maximum<br />

of 50% of the cost of the investment, with the<br />

remainder to be sourced elsewhere.<br />

The Enterprise Investment Programme (EIP)<br />

makes targeted grants to stimulate and promote<br />

investment, BEE and employment creation in the<br />

manufacturing and tourism sectors.<br />

Aimed at smaller companies, the maximum<br />

grant is R30-million. Specific tax deductions are<br />

permissible for larger companies investing in the<br />

manufacturing sector under Section 12i of the<br />

Income Tax Act.<br />

Other incentives<br />

Other incentives that are available to investors as<br />

well as existing businesses in more than one sector<br />

include the following:<br />

• Technology and Human Resources for Industry<br />

Programme (THRIP)<br />

• Support Programme for Industrial Innovation (SPII)<br />

• Black <strong>Business</strong> Supplier Development Programme<br />

(BBSDP), which is a cost-sharing grant offered to<br />

black-owned small enterprises<br />

• Critical Infrastructure Programme (CIP) that covers<br />

between 10% and 30% of the total development<br />

costs of qualifying infrastructure<br />

• Co-operative Incentive Scheme, which is a<br />

90:10 matching cash grant for registered primary<br />

co-operatives<br />

• Sector Specific Assistance Scheme, which is a<br />

reimbursable 80:20 cost-sharing grant that can be<br />

applied for by export councils, joint action groups<br />

and industry associations.<br />

I N D U S T R I A L P R O P E R T Y T O R E N T I N H A R R I S M I T H<br />

FDC is renting out 18 850 sqm standalone factory including Furniture<br />

O P E R T Y T O R E N T I N H A R R I S M I T H<br />

Manufacturing Machinery, Equipment, and Furniture for <strong>Business</strong><br />

R P L A I R T S U D N I<br />

Operation..<br />

The factory is Situated at Site 2277 in Harrismith and close proximity to all amenities, on<br />

Operation..<br />

arterial routes and Quick access onto N3 <strong>Free</strong>way.<br />

main<br />

This factory offers the following:<br />

2277 in Harrismith and close proximity to all amenities, on<br />

Site at Situated is factory The<br />

Sprinkler System.<br />

and Quick access onto N3 <strong>Free</strong>way.<br />

routes arterial main<br />

factory offers the following:<br />

Security Guard House<br />

This<br />

System.<br />

Well fenced and secured<br />

Sprinkler<br />

Ample parking<br />

Doors<br />

Roller 4<br />

3 phase power with 100 amps<br />

House<br />

Guard Security<br />

8 toilets, 6 offices and boardroom, reception, kitchen and separate warehouse ablutions with<br />

Well secured<br />

and fenced<br />

shower<br />

Ample parking<br />

phase power with 100 amps<br />

Occupation available immediately. Please contact Mr Tefo Matla for more<br />

3<br />

toilets, 6 offices and boardroom, reception, kitchen and separate warehouse ablutions with<br />

information or to view:<br />

8<br />

shower<br />

4 Roller Doors<br />

Tel: 051 4000 800 Email: tefo@fdc.co.za www.fdc.co.za<br />

available immediately. Please contact Mr Tefo Matla for more<br />

FDC IS ZERO TOLERANCE TO FRAUD AND CORRUPTION.PLEASE REPORT FRAUD AND<br />

Occupation<br />

CORRUPTION INCIDENTS TO THE FRAUD HOTLINE 0800 212 154<br />

information or to view:<br />

Incentives for SMMEs<br />

Tel: 051 4000 800 Email: tefo@fdc.co.za www.fdc.co.za<br />

FDC IS ZERO TOLERANCE TO FRAUD AND CORRUPTION.PLEASE REPORT FRAUD AND<br />

CORRUPTION INCIDENTS TO THE FRAUD HOTLINE 0800 212 154<br />

A lot of emphasis is placed on the potential<br />

role of small, medium and micro enterprises in<br />

job creation and a number of incentives are<br />

designed to promote the growth of these<br />

businesses. These include:<br />

• Small Medium Enterprise Development Programme<br />

(SMEDP)<br />

• Isivande Women’s Fund<br />

• Seda Technology Programme (Stp).<br />

• Seda is the Small Enterprise Development Agency,<br />

an agency of the Department of Small <strong>Business</strong><br />

Development that exists to promote SMMEs.<br />

Trade-related incentives<br />

The Export Marketing and Investment Assistance<br />

(EMIA) Scheme includes support for local<br />

businesses that wish to market their businesses<br />

internationally to potential importers and<br />

investors. The scheme offers financial assistance<br />

to South Africans travelling or exhibiting abroad<br />

as well as for inbound potential buyers of South<br />

African goods. ■<br />

Online Resources<br />

Department of Trade, Industry and Competition:<br />

www.thedtic.gov.za<br />

<strong>Free</strong> <strong>State</strong> Development Corporation:<br />

www.fdc.co.za<br />

Industrial Development Corporation:<br />

www.idc.co.za<br />

Official South African government incentive<br />

schemes: www.investmentincentives.co.za<br />

25 FREE STATE BUSINESS <strong>2021</strong>

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