Incentives for capital expenditure

Industrial Policy Projects – S12I of the income tax act

Objective

S12I is intended to support Greenfield investments (new industrial projects that utilise only new and unused manufacturing assets and Brownfield investments (expansions or upgrades). The incentive supports both capital investment and training.

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Beneficiaries

Greenfields
New manufacturing projects.

Minimum investment R200m.

Brownfields
Manufacturing expansions & upgrades.

Minimum investment R30m.

Benefits

Additional depreciation allowance of up to 55%.

Additional training allowance.

Maximum investment deduction R900m.

Maximum training deduction R30m.

Additional depreciation allowance of up to 55%.

Additional training allowance.

Maximum investment deduction R550m.

Maximum training deduction R30m.

Implementing Agency

The Department of Trade & Industry

Contact:

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Contact information consists of:

  • Contact person’s name
  • Telephone number
  • Email address
  • Website address
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Moeketsi Marumo

Tel: +27 (12) 394 1433

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: Financial Assistance (Incentives)