South Africa offers attractive incentive schemes, including those offered by the Department of Trade and Industry (DTI), Industrial Development Corporation (IDC) and National Film and Video Foundation (NFVF). The South African Revenue Services (SARS) also offers a tax rebate.
The South African Department of Trade and Industry (DTI)
The DTI offers incentives to increase local content generation and improve location competitiveness for foreign film productions.National Film and Video Foundation of South Africa (NFVF)
The NFVF will consider funding support for the production of films and documentaries, either through repayable loans or grants. NFVF funding is primarily as an investment and the foundation recoups its expenditure on delivery of the finished product.
In the case of a co-production, recoupment applies only to the South African distribution component. If a product is not completed, the NFVF reserves the right to be reimbursed. Only South African owned production companies with reasonable experience may apply for production funding in the genres of documentaries, feature films, short and specialised film and video productions, pilot of a television series with broadcast commitment or animation and multimedia projects with an audiovisual component.
The NFVF also accepts applications for funding in the areas of education and training; development; and marketing and distribution.
For further information visit www.nfvf.co.za
Tax Rebate
Due to the complex nature of some of the above funding and tax schemes it is advisable that a tax advisor be consulted.