{slide=How does an entity apply for the MIP and TSP?}the dti has application forms for the all its incentives on its website. The url is: http://www.thedti.gov.za/financial_assistance/financial_assistance.jsp

{slide=Does the dti have funding for companies in the manufacturing sector?}the dti operates several incentives with a bias towards manufacturing. These include:

  • The Enterprise Investment Programme – Manufacturing Investment Programme, which offers grants of up to R30m;
  • S12I of the Income Tax Act, which offers an additional investment allowance of up to 100% of qualifying investments, to a maximum of R900m. This is over and above “normal” depreciation allowances. It also offers a training deduction of up to R30m;
  • The Manufacturing Competitiveness Enhancement Programme, to help manufacturers become more competitive in the face of ongoing cyclical difficulties;
  • The Automotive Investment Scheme, for manufacturers in the automotive sector;
  • and The Clothing and Textiles Competitiveness Programme, for manufacturers in the clothing, textiles, footwear, leather and leather goods sectors.

{slide=How much is the maximum amount that the Co-operative Investment Scheme (CIS) gives?}The CIS makes grants to a maximum of R350 000

{slide=What is meant by MVA in the Manufacturing Competitiveness Enhancement (MVA) Programme?}MVA is calculated as sales less the cost of material inputs

{slide=What does the EMIA’s Individual Exhibitions cover?}It offers assistance with the costs of participation, including travel, accommodation and exhibition fees.

{slide=Can a start-up manufacturing company apply for the MIP?}Yes. MIP allows for both start-ups and for expansion projects.

{slide=Will the BBSDP fund a company that is in operation for less than 12 months?}No. To apply for BBSDP, the enterprise must have been operating and trading for at least one financial year.