South Africa: co-productions budget reaches R111 million in 6 months
International co-productions are an essential tool for the South African film and television industry. They not only allow the local industry to pool financing, but also attract creative talent with those from partner countries to make film and television products that enjoy the status of national productions in each of the respective countries.
The NFVF reviews the performance and impact of the treaties annually, however starting from 2011 the review will be done twice a year with the first report released at the end of July 2011 and the second at the end of the financial year (March).This review is aimed at assessing the contribution of co-productions treaties to the entire South African film industry looking at the following factors; job creation, budgets and shooting locations and sources of funding, while also determining if the treaties meet the objectives they were signed for.
South Africa has signed co-production treaties with six countries; Canada, United Kingdom, Italy, Germany France and Australia, although the SA/Australia agreement is not yet operative.
A total of 6 projects were submitted for a review at the end of July 2011. The SA/Germany has been the most successful in terms of production volumes and the most active partnership for both countries.
The review reveals that for the first six months of 2011, a total of 4 projects were submitted from the Germany partnership with a total budget contribution of R111,417 465.00. South Africa contributed R41,172,918.00 and the remainder was sourced from Germany.
A total of R57,549,996 was contributed by South African investors, and R14 398 327 was raised from the Department of Trade and Industry through the Film and television incentive scheme. Another total amount of R43,145,697 was sourced from private investors.
Television was the most preferred format of production as 3 projects were TV series and 2 feature films and once off made for TV format was produced, and 3 projects were drama 2 family and 1 was a sci-fi.
A total of 246 crew members were utilised for all the 6 projects and 152 of those were South Africans with 188 days spend shooting in South Africa.
From the review it is apparent that the gender and race gap seems to be closing as there is a narrow margin between female and male participation and the participation between blacks and whites also reflects a narrow margin.
For more information contact the NFVF/ Tsietsi Themane or call 0027 11 483 0880.