American Film Market 2010

Australia | Austria | Czech Republic | Italy | South Africa | U.S.

South Africa’s Department of Trade and Industry has doubled the cap on its two rebates to R20 million ($2.87 million).

The Foreign Film and Television Production Incentive is available to foreign productions with qualifying South African spend of R12 million ($1.7 million). This provides a 15% rebate of the qualifying spend.

The South African Film and Television Production and Co-Production Incentive refunds 35% for the first R6 million ($865,000) and 25% for the remainder of the spend for local productions and official treaty co-productions with qualifying South African spend of R2.5 million ($360,000).

There’s no need to cashflow this as the incentive pays out at key milestones. It’s available for television films and series, as well as features, documentaries and animation. To qualify, 50% of principal photography must take place in South Africa.

The increased incentive will help offset the current strength of the rand.

Cape Town Film Commission

Durban Film Office

Eastern Cape Film Office

National Film and Video Foundation

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0