Rob Davies announces Rm incentive programme for emerging black filmmakers

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Rob Davies announces R1m incentive programme for emerging black filmmakers --

Fri, 19 Sep 2014 10:20

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On 15 September 2014, the Minister of Trade and Industry, Rob Davies announced a R1 million incentive programme to support emerging black filmmakers. The objective of the initiative is to nurture these filmmakers to make big productions and thus contribute towards employment creation.

At the launch of the incentive programme, Davies said the initiative would provide a possible direct mechanism to support emerging filmmakers that were previously not covered under the Film and Television Production and Co-Production Incentive programme.

The film industry through various engagements and consultations indicated that the previous scheme and threshold did not accommodate nor support emerging filmmakers. The DTI has now reduced the threshold and upped the incentive in an effort to create many opportunities for people with low-budget productions for televisions and films. In this way more productions will be supported than ever before, said Davies.

The Deputy Minister of Trade and Industry, Mzwandile Masina said in order to qualify for this incentive companies needed to be on level three of their BBBEE status.

The programme will provide financial assistance to qualifying applicants in a form of a rebate of 50% for the first R6 million of the qualifying South African Production Expenditure (QSAPE) and 25% thereafter for the remainder.

The programme became effective from 1 September 2014 and will be administered over a period of three years until 31 March 2017.

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