Grants & Incentives
The South African government has a range of cash and tax incentives from various departments and institutions which Uzenzele assists its clients to access. Uzenzele will assist to prepare, submit and facilitate applications from initiation right through to claim or drawdown of funds.
During 2016/17 a total of 1 549 enterprises were approved across all the Incentive Development and Administration Division (IDAD) incentives at the Department of Trade, Industry and Competition (the Dtic), totalling R12.8 billion and attracting an estimated R39.4 billion. This excludes cash and tax incentives through other institutions such as SARS, The IDC and various other institutions.
Stimulating Economic Activity, Job Creation & More
These incentives and grants are, by nature, long term strategic financial solutions and are not for short term cash flow requirements. These solutions incentivise businesses to grow faster and more sustainably and, in most cases, require that the business is able to contribute matched funding anywhere between 10% to 90%, towards the investment project.
The allocation of these funds is to businesses that are able to show viability and bankability of the project. Whilst most incentives are available to both startup and expansion phased businesses, startups have a higher responsibility to show the probability of the return on the investment, e.g. economic activity, job creation and taxable income, in order to unlock these incentives.