The role of incentives in manufacturing
June 2018
News
The fifth annual Manufacturing Indaba will be hosted at Sandton Convention Centre, Johannesburg from the 19 to 20 June 2018. The event will comprise a two-day conference and exhibition and is hosted in partnership with the Department of Trade and Industry, the Department of Science and Technology, the Manufacturing Circle and the NCPC-SA. The event is designed specifically for private and public company representatives to hear from industry experts as they unpack challenges and find solutions for growth across the manufacturing sectors and explore regional trade into Africa. The 2018 event will launch the IoT/Industry 4.0 Conference aligned to the Manufacturing Indaba as an official side event.
The Manufacturing Indaba 2018 will be leading pertinent discussions regarding the various government grants, tax incentives and financing opportunities available to manufacturing-specific enterprises. The symposium will also focus on the requirements candidates must meet to be eligible for such incentives which aim to foster business growth, promote job creation and stimulate global competitiveness within South Africa’s manufacturing sector.
The Department of Trade and Industry and other government institutions are providing several government-backed financing options to incentivise manufacturing entrepreneurs and business persons. This will enable prospective industrialists to enter the field, thereby generating a positive economic and social impact, including uplifting their local communities.
Individuals with business ideas and existing setups that comply with the requirements of funding agencies can benefit from government grant and tax incentives that promote business development. To drive the nation’s economy in the right direction, several priority or development areas that await sustainable progress have been identified. The incentives available to such manufacturing units vary from cash grants, tax breaks, and industrial financing.
Production incentives are offered to advance national priorities with focus on new assets, green technology, resource efficiency maximisation, enterprise level competitiveness enhancement, feasibility research and cluster interventions. This funding option could be up to 50% of the money spent which is available to existing manufacturers. Some of the incentive programmes that will be discussed include the Support Programme for Industrial Innovation, Black Industrialist Scheme, Agro-Processing Support Scheme, Industrial Policy Incentive, Special Economic Zones, Energy Efficiency Allowance and the Strategic Partnership Fund.
For more information visit www.manufacturingindaba.co.za
Further reading:
Rooibos heads to space in groundbreaking South African STEM initiative
News
Rooibos seeds will be sent to the International Space Station as part of a first-of-its-kind South African initiative combining space-based plant science with hands-on STEM education for learners in the Cederberg region and Cape Town.
Read more...
From the editor's desk: Turning the tide
Technews Publishing (SA Instrumentation & Control)
News
Our last few Sustainable Manufacturing guides have tracked the changes in the energy industry in South Africa. This year, I found that the story has moved on still further.
South Africa’s manufacturing
...
Read more...
Engineering a more inclusive future
News
Women engineers at Zutari are helping shape resilient communities across Africa and the Middle East, while inspiring the next generation to enter the profession in areas ranging from water security to large-scale urban developments.
Read more...
Schneider Electric inspires future women engineers
Schneider Electric South Africa
News
Schneider Electric welcomed female engineering students from its education partner Sedibeng TVET College, Sebokeng to its Midrand headquarters for its Mandela Day Mentorship Café initiative, transforming a day of service into a day of inspiration, learning and opportunity.
Read more...
Supporting an inclusive circular economy transition in South Africa
News
The Department of Science, Technology and Innovation has released its Circular Economy Science, Technology and Innovation strategy. The document sets out how research, development and innovation can support South Africa’s shift away from a linear economic model.
Read more...
Why sustainability and resilience matter more than ever to navigate the ESG backlash
News
ESG, once heralded as a pragmatic framework for embedding long-term resilience into business, is facing growing resistance. The backlash we are seeing may appear reactionary, but it should not distract us from the facts. In this climate, I often find myself returning to the core purpose behind sustainability - creating long-term value in a world of escalating uncertainty.
Read more...
Electra Mining Africa showcases the technologies shaping tomorrow’s industry
News
Taking place from 7 to 11 September 2026 at the Johannesburg Expo Centre in Nasrec, Electra Mining Africa will showcase thousands of products, technologies and services from more than 1000 local and international exhibitors.
Read more...
From the editor's desk: Building a better future
Technews Publishing (SA Instrumentation & Control)
News
This issue of
SA Instrumentation & Control includes our Sustainable Manufacturing Industry Guide, which has some great examples of companies actively contributing to a net-zero carbon future. It’s also
...
Read more...
Latest automation innovations on show at Electra Mining Africa 2026
News
Electra Mining Africa 2026 will showcase new developments in mining automation, AI-integrated safety systems, digital power solutions and CNC simulation technology, alongside a new outdoor Orange Zone exhibition area at the Johannesburg Expo Centre.
Read more...
Tech4Tomorrow Winter School inspires future innovators in Hammarsdale
News
Counter Space Learning hosted its Tech4Tomorrow Winter School, bringing robotics, programming and artificial intelligence to learners who might not otherwise have access to these technologies.
Read more...
printer friendly version