12I Tax Allowance Incentive (TAI)
The 12I TAI is designed to support Greenfield investments (i.e. new industrial projects that utilise only new and unused manufacturing assets), as well as Brownfield investments (i.e. expansions or upgrades of existing industrial projects).
To apply visit the dti website, and locate the financial assistance tab. All information including application forms and guidelines is provided for in each of the dti funding and/or incentives.
The project should; upgrade an industry within South Africa (via an innovative process, cleaner production technology or improved energy efficiency), provide general business linkages within South Africa, acquire goods and services from SMMEs, and provide skills development in South Africa.