Chairperson, the Enterprise Investment Programme, EIP, with its subprogrammes, the Manufacturing Investment Programme, MIP, and the Tourism Support Programme, TSP, is aimed at incentivising capital investment in the manufacturing and tourism sector.
From a review of past incentive programmes managed by the department, we have learnt that we should not try to achieve too many objectives with one incentive scheme. In line with this, the department has tried to ensure that the EIP remains focused. The MIP prioritises investments that are job- intensive and those that are in sectors that the Department of Trade and Industry has prioritised.
The TSP prioritises investment that creates decent jobs outside the traditional tourism clusters of Johannesburg, Durban and Cape Town. There are other incentive instruments that will be available, with the emphasis on promoting the adoption of energy-efficient technologies such as the industrial policy tax incentives under section 121 of the Income Tax, Act 58 of 1962. Thank you.