The South African Government offers a package of incentives to promote its film production and post-production industry. The incentives consist of the;
- Foreign Film and Television Production and Post-Production Incentive;
- SA Film & TV Production and Co-production;
- South African film and television production incentive
- The South African Emerging Black Filmmakers Incentive;
Foreign Film and Television Production and Post-Production Incentive;
To encourage and attract large-budget films and television productions and post-production work that will contribute towards employment creation, enhancement of international profile, and increase the country’s creative and technical skills base.
Benefits:
Production and post-production
- Shooting on location in South Africa, the incentive will be calculated at 25% of Qualifying South African Production Expenditure (QSAPE), with a cap of R50 million.
- An additional incentive of 5% of QSAPE is provided for productions shooting and conducting post-production in South Africa, and utilising the services of a black-owned service company.
Post-production
- Conduction post-production in South Africa, the incentive is calculated at 20% QSAPPE
- An additional 2.5% of Qualifying South African Post-Production Expenditure (QSAPPE) is provided for spending at least R10 million of post-production budget in South Africa (22.5% cumulative).
- Foreign post-production with QSAPPE of R15 million and above, the incentive is calculated at 25% of the QSAPPE.
SA Film & TV Production and Co-production;
To support official co-productions and contribute towards employment opportunities in South Africa.
Benefits:
- The rebate is calculated as 35% of QSAPE.
- An additional 5% of Qualifying South African Production Expenditure (QSAPE) is provided for productions hiring at least 30% of black South African citizens as HODs and procuring at least 30% of QSAPE from 51% South African black- owned entities which have been operating for at least a period of one year; with a cap of R50 million per project.
South African film and television production
To support the local film industry and to contribute towards employment opportunities in South Africa.
Benefits:
- The rebate is calculated as 35% of QSAPE.
- An additional 5% of QSAPE is provided for productions hiring at least 30% of black South African citizens as head of departments (HODs) and procuring at least 30% of QSAPE from 51% South African black-owned entities which have been operating for at least a period of one year; with a cap of R50 million per project.
The South African Emerging Black Filmmakers
To nurture and capacitate emerging black filmmakers to take up big productions and contribute towards employment opportunities.
Benefits:
- A rebate of 50% on the Qualifying South African Production Expenditure (QSAPE).
- The costs for the purchase of key production equipment may qualify once-off under this incentive programme to a maximum cost-sharing incentive of R2 million.
Should you be interested in applying for the incentive, Dream Team Capital can assist you. Contact us today for professional assistance in streamlining your application for the film Incentive.
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