The Foreign Investment Grant (FIG) is a cash incentive plan, under the broad umbrella of the Small and Medium Enterprise Development Programme (SMEDP), assisting foreign investors who are looking to invest in new manufacturing businesses in South Africa. The grant aims to compensate foreign investors for the cost of relocating new machinery and equipment to South Africa from abroad. The grant is available to any company operating in the manufacturing sector, provided the company is a registered incorporated legal entity in South Africa, not merely an investor from the Southern African Development Community (SADC) or from the Southern African Customs Union (SACU). The grant will not exceed R3-million, and cannot exceed the actual cost of relocating, or 15% of the value of the new machinery and equipment relocated from overseas.
To apply for assistance from the FIG, foreign investors must:
The FIG aims to promote foreign investment in South Africa and, through its funding, to increase direct foreign investment. Through the attainment of these dual goals, the scheme hopes to contribute to overall economic growth in South Africa and the collective improvement of quality of life for all South Africans.
For assistance with any queries relating to FIG or any other dti incentive scheme, contact the dti Customer Contact Centre:
Tel:
Tel (international):
Fax: 0861 843 888
Fax (international): (+27 11) 254 9406
Postal address: The Enterprise Organisation, Private Bag X86, Pretoria 0001
