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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 CommissionWeb: capefilmcommission.co.za andgautengfilm.co.za
Durban Film OfficeWeb: durbanfilmoffice.com
Eastern Cape Film OfficeWeb: ecfo.co.za
National Film and Video FoundationWeb: nfvf.co.za
