Mpumalanga Business 2022-23
The 2022/23 edition of Mpumalanga Business is the 13th issue of this successful publication that since its launch in 2008 has established itself as the premier business and investment guide for the province. With messages of welcome to potential investors from both the provincial premier and the MEC responsible for Economic Development and Tourism, this edition of the journal also contains the official Mpumalanga Investment Prospectus, a comprehensive survey of the province’s assets and the potential of the region. Major catalytic projects such as the Nkomazi Special Economic Zone (NSEZ) and the Mpumalanga International Fresh Produce Market (MIFPM) are examined in detail, outlining how producers, processors and logistics firms stand to benefit and where there is potential for investment. In addition to the Prospectus, the journal contains a special feature on education and a series of brief news briefs about some of the most important sectors in the provincial economy.
The 2022/23 edition of Mpumalanga Business is the 13th issue of this successful publication that since its launch in 2008 has established itself as the premier business and investment guide for the province.
With messages of welcome to potential investors from both the provincial premier and the MEC responsible for Economic Development and Tourism, this edition of the journal also contains the official Mpumalanga Investment Prospectus, a comprehensive survey of the province’s assets and the potential of the region. Major catalytic projects such as the Nkomazi Special Economic Zone (NSEZ) and the Mpumalanga International Fresh Produce Market (MIFPM) are examined in detail, outlining how producers, processors and logistics firms stand to benefit and where there is potential for investment. In addition to the Prospectus, the journal contains a special feature on education and a series of brief news briefs about some of the most important sectors in the provincial economy.
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SPECIAL FEATURE<br />
South African<br />
investment incentives<br />
The South African government, particularly the Department of Trade, Industry<br />
and Competition, has a range of incentives available to investors, existing<br />
companies, entrepreneurs and co-operatives across many sectors.<br />
Tourism is a popular investment sector. Thebe Tourism Group has invested Zindoga a luxury Trading hotel and on Projects.<br />
the<br />
Skukuza bridge. The Kruger Shalati Development is in the Kruger National Image: Credit: Park. Seda Roger Bosch/Brand SA<br />
South Africa wishes to diversify its economy<br />
and incentives are an important part<br />
of the strategy to attract investors to<br />
the country.<br />
The Department of Trade, Industry and Competition<br />
(the dtic) is the lead agency in the<br />
incentives programme, which aims to encourage<br />
local and foreign investment into targeted<br />
economic sectors, but the Industrial Development<br />
Corporation (IDC) is the most influential funder of<br />
projects across South Africa.<br />
There are a variety of incentives available and<br />
these incentives can broadly be categorised<br />
according to the stage of project development:<br />
• Conceptualisation of the project – including<br />
feasibility studies and research and develop-<br />
ment (grants for R&D and feasibility studies,<br />
THRIP, Stp, etc)<br />
• Capital expenditure – involving the creation<br />
or expansion of the productive capacity of<br />
businesses (MCEP, EIP, CIP, FIG, etc)<br />
• Competitiveness enhancement – involving the<br />
introduction of efficiencies and whetting the<br />
competitive edge of established companies and<br />
commercial or industrial sectors (BBSDP, EMIA,<br />
CTCIP, etc)<br />
• Some of the incentives are sector-specific, for<br />
example the Aquaculture Development and<br />
Enhancement Programme (ADEP), Clothing<br />
and Textile Competitiveness Improvement<br />
Programme (CTCIP) and the Tourism Support<br />
Programme (TSP).<br />
MPUMALANGA MPUMALANGA BUSINESS BUSINESS2021/22 <strong>2022</strong>/<strong>23</strong> 2020/21<br />
28 14 10
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