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South Africa’s Investment Landscape: Mapping Economic Incentives
The document analyzes South Africa's efforts to attract sustainable local and foreign investment through a combination of industrial policies, such as the New Growth Path (NGP), and a diverse catalogue of financial and fiscal incentives. It highlights a significant decline in foreign direct investment (FDI) between 2008 and 2010, attributed largely to high labor costs, and examines the 'Gateway into Africa' initiative designed to make South Africa a regional investment hub. The paper details various dti-managed incentives targeting SMMEs, industrial development, and specific sectors like automotive and film, while noting that many investors remain unaware of these schemes or find the application process cumbersome.
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Document type: Research paper