The revised programme, previously known as the SA Capital Goods Feasibility Study Fund, will come into effect on 1 April 2008, according to the Department of Trade and Industry.
The programme aims to attract higher levels of domestic and foreign investment and strengthen the international competitiveness of South African business.
It will also seek to stimulate the development of projects in Africa, in particular the Southern African Development Community countries, as well as support for the objectives of the New Partnership for Africa's Development (NEPAD).
The revised plan will also promote linkages with and development of small, medium and micro enterprises and black economic empowerment businesses.
According to the department, the value of the rebate for any qualifying feasibility study is capped at a maximum of R5 million.
“This component is available to registered legal entities in South Africa and provides a rebate of 55% of the total costs of the feasibility study for projects in Africa, and 50% for those outside Africa.”
Effectively, the following key changes are being introduced:
Application forms and programme guidelines can be downloaded from the department at www.thedti.gov.za.
Article published courtesy of BuaNews