A unique guide to business and investment in the Gauteng Province of South Africa. The 2018/19 edition of Gauteng Business is the 10th issue of this highly successful publication that has established itself as the premier business and investment guide for the Gauteng Province.
In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the concept of the Urban Development Zone which underpins the successful urban growth strategy that is being pursued in the province, and on the importance of airports in regional economic thinking.
To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com under e-books. Updated information on Gauteng is also available through our monthly e-newsletter, which you can subscribe to online, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.
SPECIAL FEATURE The
SPECIAL FEATURE The National Department of Trade and Industry (dti) is the lead agent in the creation of Special Economic Zones (SEZs), which are part of the national Industrial Policy Action Plan (IPAP). SEZs are designed to attract investment, create jobs and boost exports. Industrial Development Zones are a type of SEZ. Several incentives are available to investors in SEZs. These include tax breaks from the South African Revenue Service (SARS), subsidised interest rates from the Industrial Development Corporation (IDC), subsidies for employees earning below a certain level and subsidies for the training of the workforce, incentives and grants from the dti, and incentives from national electricity utility Eskom. Special rules apply within an SEZ, including more liberal taxation for companies that invest in the zone (15% corporate tax applies, as opposed to 28%). Other benefits might include a building allowance, employment incentives and the fact that an SEZ is a customscontrolled area. Skills transfer is another stated aim behind the SEZ programme. Specific incentives relating to energy savings and reductions in environmental impact are available, both from Eskom and the dti. Within the dti’s Manufacturing Competitiveness Enhancement Programme, there is a Green Energy Efficiency Fund, all of which are designed to make investment more attractive. GAUTENG BUSINESS 2018/19 24
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