Investment In Brief
- The DTI and the NFVF recently met with the Cape Film Commission and industry leaders in Cape Town to discuss possible changes to the DTI Film rebate scheme as well as the addition of a 1% development levy on qualifying productions above R10 million. The NFVF stated that this development fund which they will administer will be primarily used to help stimulate and grow the local film industry.
- The Cape Film Commission (CFC) and the Western Cape film industry, in partnership with the Services Seta, have committed themselves to create a strong animation and new media industry and to this end they have pledged their support to help facilitate the creation of 10,000 jobs by 2030 within the Animation Industry. The Animation Academy in Khayelitsha will help to propel Cape Town and the Western Cape into becoming a Creative and Innovative hub.