Description

The Tourism Support Programme (TSP) is a targeted incentive programme to support the development of tourism enterprises that will stimulate job creation and encourage a geographic spread of tourism investment. Tourism is highly concentrated in the metropolitan areas of Johannesburg, Cape Town and eThekwini, therefore projects located within these metros are excluded from the programme; unless they are located in marginalised areas with areas within these metros. Marginalised areas are considered to be those areas with higher than the national average unemployment rate.

What the scheme offers

• The incentive programme offers a grant of up to 30% towards qualifying investment costs for establishing and expanding existing operations in South Africa.
• The incentive is available to local- and foreign-owned enterprises and is provided for qualifying investment costs of furniture, equipment, vehicles, land and buildings of up to R200m.
• The investment grant applicable is capped at a maximum of R30m, calculated in relation to the qualifying investment costs

For further information regarding TSP, visit the Dti's page on this incentive scheme