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PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ)2 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 3
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CONTENTS
MissionTo industrialize the economy,
attract investment, promote exports and overcome the legacy of
economic imbalance
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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
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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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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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
Contact details:PlatinumValleySEZ
NWDCTrade&InvestmentOffice171BeyersNaude,Rustenburg,BojanalaDistrictNorthWestProvince,RepublicofSouthAfrica
www.nwdc.co.za
Tel:0145942576MrDavisSadike
ProjectExecutive:[email protected]
