South Africa Production Rebates Under Fire
15 November 2018
The Motion Picture Assn. has raised concerns that recent changes to South Africa’s tax incentive scheme and other regulatory proposals could stunt the development of the country’s film industry, according to an MPA rep.
Under the new guidelines, productions that fail to meet certain benchmarks for supporting black-owned businesses are faced with the prospect of not receiving any cash rebate, even as their eligibility won’t be determined until after production wraps. Speaking on behalf of the MPA, Marianne Grant described the new tax rules as “an untenable situation for any producer’s budget, since they all need transparency and predictability before production can actually begin.”
Economic transformation has been a policy cornerstone of the ruling African National Congress (ANC), the party of Nelson Mandela that has governed South Africa since the end of apartheid. Nearly a quarter-century since the beginning of black majority rule, economic power remains largely concentrated in the hands of the white minority. Read the full article on Variety here.