Chairperson, the Enterprise Investment Programme, EIP, with its subprogrammes, the Manufacturing Investment Programme, MIP, and the Tourism Support Programme, TSP, is aimed at incentivising capital investment in the manufacturing and tourism sector.
From a review of past incentive programmes managed by the department, we have learnt that we should not try to achieve too many objectives with one incentive scheme. In line with this, the department has tried to ensure that the EIP remains focused. The MIP prioritises investments that are job- intensive and those that are in sectors that the Department of Trade and Industry has prioritised.
The TSP prioritises investment that creates decent jobs outside the traditional tourism clusters of Johannesburg, Durban and Cape Town. There are other incentive instruments that will be available, with the emphasis on promoting the adoption of energy-efficient technologies such as the industrial policy tax incentives under section 121 of the Income Tax, Act 58 of 1962. Thank you.
Chairperson, I want to enquire from the Deputy Minister if the department is satisfied with the tourism support programme, with a specific emphasis on the impact that it might have on emerging entrepreneurs regarding the 2010 Soccer World Cup.
Chairperson, as the department, we would like to see more tourism businesses coming up. We will never be satisfied with the existing ones. We would like to see more, especially small and medium-sized tourism businesses.
In respect of that, I would also like to say that we really think that we must work harder to make sure that this happens. For that reason I want to make it clear that we are totally unsatisfied that we have covered all the sectors of our communities in relation to tourism businesses in South Africa. Thank you.
See also QUESTIONS AND REPLIES.