mission to industrialize the economy,sajapan.org/wp-content/uploads/2015/02/sez-booklet.pdfmission...
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PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ)2 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 3
““
CONTENTS
MissionTo industrialize the economy,
attract investment, promote exports and overcome the legacy of
economic imbalance
““
VisionThe heartbeat of trade, investment, sustainable economic development
and job creation
1. Vision and Mission ........................................................................................................................ Page 3
2. Overview & Purpose of the SEZ .................................................................................................... Page 4
3. PlatinumValleyInvestmentOpportunities...................................................................................Page4
4. ProjectLocation............................................................................................................................Page5
PICRTURES / CENTREFOLD ............................................................................................................ Page 6
5. SEZIncentives...............................................................................................................................Page8
6. SEZIncentives–OtherAllowances...............................................................................................Page8
7. LegislativeFramework..................................................................................................................Page9
8. Roles&ResponsibilitiesonSEZ....................................................................................................Page10
9. Projectcontacts............................................................................................................................Page12
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PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ)4 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 5
2. Overview and Purpose of SEZ
The Platinum Valley SEZ Project has been established to:
•IncreaseforeignanddomesticinvestmentintheBojanalaDistrict;•Increaseexportsofvalue-addedmanufacturedgoodsfromtheregion;•EnsureEmploymentcreation,technologytransferandskillsdevelopment;•Ensurethecreationofeconomiclinkagesthroughsupplierdevelopment;•Ensurethespreadofindustrialdevelopmentregionallyandthepromotionofindustrialagglomerationintheregion;•BuildtherequiredindustrialinfrastructureinBojanalaDistrict;•Promotecoordinatedplanningamongkeygovernmentagencies.
3. Platinum Valley Opportunities
Thefollowingvaluechainshavebeenidentifiedasviableopportunitieswhichneedtobepursued:MiningInputSupply–CapitalEquipment,BallMill,Ventilationandrefrigerationequipment,andDrillingEquipment; •PharmaceuticalsandChemicals •Catalyticconvertors •OilandGasIndustryApplications •FuelCells(MainFocusforthePlatinumValleySEZ) •FerrochromeSector •PlatinumRecycling
4. Project Location
BodireloIndustrialParkinMosesKotaneLocalMunicipalitywillbethemainHubfortheSEZ–a100hactorsitewhichprovidesforathreephasesitedevelopmentfora •LogisticsPark, •LightManufacturingSpaceand •HeavyManufacturingSpace.
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PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ)6 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 7
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PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ)8 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 9
5. SEZ Incentives
•Qualifying12R–QualifyingcompanieswillbesubjectedtoareducedCITtaxrateof15%;•Section12S–QualifyingcompanieswithinSEZswillgetextraacceleratedallowancesonbuildingsandimprovementstobuildings•Companiesemployingsalariedemployees(belowR6000permonth)willbegivenawageincentives;•SpecialcustomsandVATincentives;•TaxpayersachievingSEZstatuswillretainstatusfor10years;•Allsubjecttoasunsetclauseuntil2024.
6. SEZ Incentives – Other Allowances
•IndustrialPolicyInvestmentprojects•Depreciationallowance•Capitalallowance–machineryandplant(manufacturingallowances),hotel,ships,aircraft,pipelines,transmissionlinesandrailways;•AirportandPortAssets–5%annualdeductiononthecostofacquisition•Learnershipallowance–•EmployergetsdeductionofR30,000ineachoftheofleadership•Employergetsdeductionattheendoflearnership–R30,000eachyearcompleted•VCCregime;BuildingandHousingallowances.
•Deductionofanallowanceinrespectofenvironmentaltreatmentandrecyclingasset•Deductionsinrespectofenvironmentalconservationandmaintenance•Certifiedemissionreductions–tradablecarbonemissions•Energysavingincentives•ResearchandDevelopmentAllowances–150%•SmallBusinessturnovertax–turnoverlessthanR1million•SmallBusinessCorporation(lessthanR20millionturnover)•Accelerateddepreciationallowance–allYear1•Improvedtaxrates–ongraduatedbasis
7. Legislative Framework for SEZs:
ThePlatinumValleyisestablishedintermsoftheSEZActof2014;TheActprovidefor:
•TheMinistertodeterminepolicyforthedesignation,promotion,development,operationandmanagementofSpecialEconomicZones;
•TheSEZActprovidesfortheestablishmentoftheAdvisoryBoardtoadvisetheMinisteronthefollowing: -DesignationofSEZs; -FinancingandSupportMeasures; -SEZFund–applicationsandapprovals; -SupportMeasures; -ImplementationProtocols.
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PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ)10 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 11
8. Roles and Responsibilities on SEZ
TheimplementationofSEZsrequireforacordialrelationsbetweennationaldepartments,provincialandlocalgovernmentbasedonIGRFramework–mutualrespectbetweenthedifferentspheresandstateagencies;
•ThenationaldepartmentswhohavearoleinSEZsare: -Dti–responsibleforpolicyontheestablishmentandoperationofSEZs,NationalTreasury–approval offundingandspecialwaiversforforeigninvestors(capitalmovementandinvestments), -MineralResources–custodianofMineralBeneficiationpolicy; -Energy–implementationofdifferentenergymixandtechnologies; -HomeAffairs–approvalofworkpermitsforforeignworkersinSA; -ScienceandTechnology–supportfortechnologytransfer; -HigherEducation–custodianofskillsdevelopmentpolicy;
•Intheprovince,thekeydepartmentsare:TreasuryandEnterpriseDevelopment,CooperativeGovernance,RoadsandTransport,
•NationalAgencies:SARS,Transnet,Eskom,andIDC
•Municipalities:BojanalaDistrictMunicipality;RustenburgLocalMunicipality;MosesKotaneLocalMunicipalityandMadibengLocalMunicipality
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Contact details:PlatinumValleySEZ
NWDCTrade&InvestmentOffice171BeyersNaude,Rustenburg,BojanalaDistrictNorthWestProvince,RepublicofSouthAfrica
www.nwdc.co.za
Tel:0145942576MrDavisSadike
ProjectExecutive:[email protected]