Programme: DTI Automotive Investment Scheme
Organisation: Department of Trade and Industry
Type of Support
Programme Description
The programme includes a 20% non taxable cash grant of the value of qualifying investment in productive assets by light motor vehicle manufactures and 25% of the value of qualifying investment in productive assets by component
manufactures and tooling companies as approved by
the Dti. An additional non taxable cash grant of between 5% or 10% maybe available to projects that are found to be strategic by the Dti.
Target Market
Organisations in the Automotive sector i.e. light motor vehicle manufacturers and component manufacturers and tooling companies.
Application Conditions
For light motor vehicle manufacturers, if current plant volume is less than 50 000 units per annum, the volume must be increased to 65 000 units per annum.
If current plant volume is between 50 000 and 65 000 units per annum, the volume must increase by 30%.
If current plant volume is between 65 000 and100 000 units per annum, the volume must increase by 25%.
If current plant volume is greater than 100,000 units per annum, the volume must increase by 20%.
If current plant volume is greater than 200 000 units per annum, the applicant must maintain volumes.
The increased plant volumes should be achieved by the end of the second full year of commercial production.
A component manufacturer that can prove that a contract is in place and/or a contract has been awarded and/or a letter of intent has been received for the manufacture of components to supply into the light motor vehicle manufacturer supply chain locally and/or internationally.
Application Process
The application form can be downloaded from the website.
Success Stories
<Success stories to be requested from DTI>
Contact Details
The DTI website is as follows
www.thedti.gov.za
More information on the incentives can be found on:
http://www.dti.gov.za/trade_investment/export_incentive.jsp?id=37&subthemeid=26
Email [email protected]
Organisation: Department of Trade and Industry
Type of Support
- Incentives in the form of grants.
Programme Description
The programme includes a 20% non taxable cash grant of the value of qualifying investment in productive assets by light motor vehicle manufactures and 25% of the value of qualifying investment in productive assets by component
manufactures and tooling companies as approved by
the Dti. An additional non taxable cash grant of between 5% or 10% maybe available to projects that are found to be strategic by the Dti.
Target Market
Organisations in the Automotive sector i.e. light motor vehicle manufacturers and component manufacturers and tooling companies.
Application Conditions
For light motor vehicle manufacturers, if current plant volume is less than 50 000 units per annum, the volume must be increased to 65 000 units per annum.
If current plant volume is between 50 000 and 65 000 units per annum, the volume must increase by 30%.
If current plant volume is between 65 000 and100 000 units per annum, the volume must increase by 25%.
If current plant volume is greater than 100,000 units per annum, the volume must increase by 20%.
If current plant volume is greater than 200 000 units per annum, the applicant must maintain volumes.
The increased plant volumes should be achieved by the end of the second full year of commercial production.
A component manufacturer that can prove that a contract is in place and/or a contract has been awarded and/or a letter of intent has been received for the manufacture of components to supply into the light motor vehicle manufacturer supply chain locally and/or internationally.
Application Process
The application form can be downloaded from the website.
Success Stories
<Success stories to be requested from DTI>
Contact Details
The DTI website is as follows
www.thedti.gov.za
More information on the incentives can be found on:
http://www.dti.gov.za/trade_investment/export_incentive.jsp?id=37&subthemeid=26
Email [email protected]
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