NATIONAL COUNCIL OF PROVINCES
FOR WRITTEN REPLY
QUESTION NO 183
Ms SS Chen (DA-Gauteng) to ask the Minister of Trade and Industry:
(1) (a) When will the incentive schemes for investors at all industrial
development zones be finalized and (b) what are the details of the
incentive schemes.
REPLY:
(a) The department provides incentives for all investors irrespective of
their location and currently there are no IDZ specific incentives. My
Department is currently finalizing an incentive programme in
association with National Treasury.
(b) This programme is a tax allowance programme i.e., 12i of the Income
Tax Act, 1962 (Act No 58 of 1962) which will also provide additional
assistance to manufacturing enterprises locating in IDZ.