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21/05/2014

Getting hold of the investment incentives offered by the DTI.

Speaker: Theo Meintjes

The dti’s incentive programs

An Overview

Compiled by Dectra

DTI's Incentive Programs

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The dti• The Enterprise Organisation (TEO)

• Head office and regional offices

• A DDG in charge

• More than 20 cash grant programs

• Guidelines

• Website

• Manual / electronic

• Try to contact the DTI by phone

• Email communication

• IDC

DTI's Incentive Programs

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consultants

A niche industrySpecialised knowledge, Experience, systems.The ICA (Incentive Consultants Association)Accreditation by DTIProfessional Indemnity InsuranceQuality AssuranceSome Crooks & Robbers

DTI's Incentive Programs

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structure of incentive programs• Generic / Sector specific• Subsidise input costs• Cost sharing (never 100%)• Taxable/ Tax Exempt• Two stages: 1. Apply 2. Claim.• Application based on projections: Check Qualifying

requirements • Claims verified by inspectors & your auditors: Check

Performance requirements

DTI's Incentive Programs

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Frequently asked questions• Does the government have the money?• Is it only for Black people?• Am I too rich or too poor perhaps?• Can I get a grant to start my project?• Is it worth the trouble?• How long will it take?• How do they pay it?• Can I explain my situation to the DTI?

DTI's Incentive Programs

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The role of auditors

• Factual findings report

• Financial statements

• Management accounts

• Divisional accounts

• NB: alert clients about incentive support

DTI's Incentive Programs

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conclusion

• Large variety of incentive programs• Incentives are almost always valuable• But not always useful• Lack of experience and of system could cost

you the grant• Dectra info@dectra.co.za www.dectra.co.za• ICA www.incentiveconsultants.co.za