South African investment
South African investment incentives The South African government, particularly the Department of Trade and Industry, has a range of incentives available to investors, existing companies, entrepreneurs and co-operatives across many sectors. South Africa wishes to diversify its economy and incentives are an important part of the strategy to attract investors to the country. The Department of Trade and Industry (the dti) is the lead agency in the incentives programme, which aims to encourage local and foreign investment into targeted economic sectors, but the Industrial Development Corporation (IDC) is the most influential funder of projects across South Africa. There a variety of incentives available and these incentives can broadly be categorised according to the stage of project development: • Conceptualisation of the project – including feasibility studies and research and development (grants for R&D and feasibility studies, THRIP, Stp, etc) • Capital expenditure – involving the creation or expansion of the productive capacity of businesses (MCEP, EIP, CIP, FIG, etc) • Competitiveness enhancement – involving the introduction of efficiencies and whetting the competitive edge of established companies and commercial or industrial sectors (BBSDP, EMIA, CTCIP, etc) MPUMALANGA BUSINESS 2019/20 12
CONTINUING TO GROW THE WOMEN IN MINING At Exxaro, we pride ourselves in recognising that our strength lies with our people - including our female employees - who are our greatest asset. We are steadfast in our quest to increase the inclusivity of women at all levels of our organisation, building o n the 42% women representation o n the Exxaro Resources Board and 33% females in top management. www.exxaro.com
