SlideShare a Scribd company logo
1 of 7
Download to read offline
2 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 3 “ “ 
CONTENTS 
Mission 
To industrialize the economy, 
attract investment, promote exports and 
overcome the legacy of 
economic imbalance 
“ “ Vision 
The heartbeat of trade, investment, 
sustainable economic development 
and job creation 
1. Vision and Mission ........................................................................................................................ Page 3 
2. Overview & Purpose of the SEZ .................................................................................................... Page 4 
3. Platinum Valley Investment Opportunities ................................................................................... Page 4 
4. Project Location ............................................................................................................................ Page 5 
PICRTURES / CENTREFOLD ............................................................................................................ Page 6 
5. SEZ Incentives ............................................................................................................................... Page 8 
6. SEZ Incentives – Other Allowances ............................................................................................... Page 8 
7. Legislative Framework .................................................................................................................. Page 9 
8. Roles & Responsibilities on SEZ .................................................................................................... Page 10 
9. Project contacts ............................................................................................................................ Page 12
4 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 5 
2. Overview and Purpose of SEZ 
The Platinum Valley SEZ Project has been established to: 
• Increase foreign and domestic investment in the Bojanala District; 
• Increase exports of value-added manufactured goods from the region; 
• Ensure Employment creation, technology transfer and skills development; 
• Ensure the creation of economic linkages through supplier development; 
• Ensure the spread of industrial development regionally and the promotion of industrial agglomeration 
in the region; 
• Build the required industrial infrastructure in Bojanala District; 
• Promote coordinated planning among key government agencies. 
3. Platinum Valley Opportunities 
The following value chains have been identified as viable opportunities which need to be pursued: 
Mining Input Supply – Capital Equipment, Ball Mill, Ventilation and refrigeration equipment, and Drilling 
Equipment; 
• Pharmaceuticals and Chemicals 
• Catalytic convertors 
• Oil and Gas Industry Applications 
• Fuel Cells (Main Focus for the Platinum Valley SEZ) 
• Ferrochrome Sector 
• Platinum Recycling 
4. Project Location 
Bodirelo Industrial Park in Moses Kotane Local 
Municipality will be the main Hub for the SEZ – a 
100hactor site which provides for a three phase 
site development for a 
• Logistics Park, 
• Light Manufacturing Space and 
• Heavy Manufacturing Space.
6 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 7 
Bodirelo Industrial Park : Main Entrance 
Bodirelo Industrial Park: Administration Building
8 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 9 
5. SEZ Incentives 
• Qualifying 12 R – Qualifying companies will be subjected to a reduced CIT tax rate of 15%; 
• Section 12 S – Qualifying companies within SEZs will get extra accelerated allowances on buildings 
and improvements to buildings 
• Companies employing salaried employees (below R6000 per month) will be given a wage incentives; 
• Special customs and VAT incentives; 
• Taxpayers achieving SEZ status will retain status for 10 years; 
• All subject to a sunset clause until 2024. 
6. SEZ Incentives – Other Allowances 
• Industrial Policy Investment projects 
• Depreciation allowance 
• Capital allowance – machinery and plant (manufacturing allowances), hotel, ships, aircraft, pipelines, 
transmission lines and railways; 
• Airport and Port Assets – 5% annual deduction on the cost of acquisition 
• Learnership allowance – 
• Employer gets deduction of R30,000 in each of the of leadership 
• Employer gets deduction at the end of learnership – R30,000 each year completed 
• VCC regime; Building and Housing allowances. 
• Deduction of an allowance in respect of environmental treatment and recycling asset 
• Deductions in respect of environmental conservation and maintenance 
• Certified emission reductions – tradable carbon emissions 
• Energy saving incentives 
• Research and Development Allowances – 150% 
• Small Business turnover tax – turn over less than R1 million 
• Small Business Corporation (less than R20 million turnover) 
• Accelerated depreciation allowance – all Year 1 
• Improved tax rates – on graduated basis 
7. Legislative Framework for SEZs: 
The Platinum Valley is established in terms of the SEZ Act of 2014; 
The Act provide for: 
• The Minister to determine policy for the designation, promotion, development, operation and 
management of Special Economic Zones; 
• The SEZ Act provides for the establishment of the Advisory Board to advise the Minister on the following: 
- Designation of SEZs; 
- Financing and Support Measures; 
- SEZ Fund – applications and approvals; 
- Support Measures; 
- Implementation Protocols.
10 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 11 
8. Roles and Responsibilities on SEZ 
The implementation of SEZs require for a cordial relations between national departments, provincial and 
local government based on IGR Framework – mutual respect between the different spheres and state 
agencies; 
• The national departments who have a role in SEZs are: 
- Dti – responsible for policy on the establishment and operation of SEZs, National Treasury – approval 
of funding and special waivers for foreign investors (capital movement and investments), 
- Mineral Resources – custodian of Mineral Beneficiation policy; 
- Energy – implementation of different energy mix and technologies; 
- Home Affairs – approval of work permits for foreign workers in SA; 
- Science and Technology – support for technology transfer; 
- Higher Education – custodian of skills development policy; 
• In the province, the key departments are: Treasury and Enterprise Development, Cooperative 
Governance, Roads and Transport, 
• National Agencies: SARS, Transnet, Eskom, and IDC 
• Municipalities: Bojanala District Municipality; Rustenburg Local Municipality; Moses Kotane Local 
Municipality and Madibeng Local Municipality
Contact details: 
Platinum Valley SEZ 
NWDC Trade & Investment Office 
171 Beyers Naude, Rustenburg, Bojanala District 
North West Province, Republic of South Africa 
www.nwdc.co.za 
Tel: 014 594 2576 
Mr Davis Sadike 
Project Executive: PV-SEZ 
Daviss@nwdc.co.za

More Related Content

Similar to Platinum Valley Special Economic Zone

A New Separation Technology to Process Tantalite Bearing Minerals
A New Separation Technology to Process Tantalite Bearing MineralsA New Separation Technology to Process Tantalite Bearing Minerals
A New Separation Technology to Process Tantalite Bearing MineralsCurt Huber
 
Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013
Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013
Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013TradeWindsnews
 
IAMREALCaseStudy-DEVELOPMENTCORPORATION&BANK
IAMREALCaseStudy-DEVELOPMENTCORPORATION&BANKIAMREALCaseStudy-DEVELOPMENTCORPORATION&BANK
IAMREALCaseStudy-DEVELOPMENTCORPORATION&BANKDIRICKX Sébastien
 
Ica presentation final_3003
Ica presentation final_3003Ica presentation final_3003
Ica presentation final_3003Sona Pogosyan
 
Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...
Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...
Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...Ashgrove Marketing
 
The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...
The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...
The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...Hannovanstaden
 
Zambian mining fund - Invest in Zambia
Zambian mining fund - Invest in Zambia Zambian mining fund - Invest in Zambia
Zambian mining fund - Invest in Zambia Joe Beale
 
Odisha industrial policy 2007 for finance, subsidy & project related suppor...
Odisha industrial policy 2007   for finance, subsidy & project related suppor...Odisha industrial policy 2007   for finance, subsidy & project related suppor...
Odisha industrial policy 2007 for finance, subsidy & project related suppor...Radha Krishna Sahoo
 
Saudi aramco iktva program
Saudi aramco iktva programSaudi aramco iktva program
Saudi aramco iktva programFakhri2011
 
Navigator Consulting Investment Advisory Services
Navigator Consulting Investment Advisory ServicesNavigator Consulting Investment Advisory Services
Navigator Consulting Investment Advisory ServicesPhilip Ammerman
 
Consolidated investor presentation 2014 10 28
Consolidated investor presentation 2014 10 28Consolidated investor presentation 2014 10 28
Consolidated investor presentation 2014 10 28CobreDelMayo
 
SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)
SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)
SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)Thabo Thulare
 
Nan corporate presentation october 2015 final
Nan corporate presentation october 2015 finalNan corporate presentation october 2015 final
Nan corporate presentation october 2015 finalNorthAmericanNickel
 
12.3 2016 investor presentation
12.3 2016 investor presentation12.3 2016 investor presentation
12.3 2016 investor presentationFalcoCorporate
 
Africa Singapore Business Forum 2018 | Zimbabwe
Africa Singapore Business Forum 2018 | ZimbabweAfrica Singapore Business Forum 2018 | Zimbabwe
Africa Singapore Business Forum 2018 | ZimbabweEnterprise Singapore
 
Strategies for Growth: Opportunities in the Jamaican Business Environment
Strategies for Growth: Opportunities in the Jamaican Business EnvironmentStrategies for Growth: Opportunities in the Jamaican Business Environment
Strategies for Growth: Opportunities in the Jamaican Business Environmentvictoriamutual
 
Mao marketing-presentation-june2013
Mao marketing-presentation-june2013Mao marketing-presentation-june2013
Mao marketing-presentation-june2013Company Spotlight
 
Pakistan privatisation investmen_policies_v3_28112006
Pakistan privatisation investmen_policies_v3_28112006Pakistan privatisation investmen_policies_v3_28112006
Pakistan privatisation investmen_policies_v3_28112006Muslim Hands Int
 

Similar to Platinum Valley Special Economic Zone (20)

A New Separation Technology to Process Tantalite Bearing Minerals
A New Separation Technology to Process Tantalite Bearing MineralsA New Separation Technology to Process Tantalite Bearing Minerals
A New Separation Technology to Process Tantalite Bearing Minerals
 
HOTEL PROJECT
HOTEL PROJECTHOTEL PROJECT
HOTEL PROJECT
 
Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013
Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013
Siem Offshore Pareto Securities Oil & Offshore Conferences Sept 2013
 
IAMREALCaseStudy-DEVELOPMENTCORPORATION&BANK
IAMREALCaseStudy-DEVELOPMENTCORPORATION&BANKIAMREALCaseStudy-DEVELOPMENTCORPORATION&BANK
IAMREALCaseStudy-DEVELOPMENTCORPORATION&BANK
 
Ica presentation final_3003
Ica presentation final_3003Ica presentation final_3003
Ica presentation final_3003
 
GIB2015_Investors Approach to Sustainable Infrastructure_Valahu
GIB2015_Investors Approach to Sustainable Infrastructure_ValahuGIB2015_Investors Approach to Sustainable Infrastructure_Valahu
GIB2015_Investors Approach to Sustainable Infrastructure_Valahu
 
Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...
Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...
Crypto Valley Summit. Day 2 Keynote Address: Crypto Valley in Detail by John ...
 
The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...
The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...
The Monetisation Opportunity: A Decade of Adding Value in Mozambique - I Hill...
 
Zambian mining fund - Invest in Zambia
Zambian mining fund - Invest in Zambia Zambian mining fund - Invest in Zambia
Zambian mining fund - Invest in Zambia
 
Odisha industrial policy 2007 for finance, subsidy & project related suppor...
Odisha industrial policy 2007   for finance, subsidy & project related suppor...Odisha industrial policy 2007   for finance, subsidy & project related suppor...
Odisha industrial policy 2007 for finance, subsidy & project related suppor...
 
Saudi aramco iktva program
Saudi aramco iktva programSaudi aramco iktva program
Saudi aramco iktva program
 
Navigator Consulting Investment Advisory Services
Navigator Consulting Investment Advisory ServicesNavigator Consulting Investment Advisory Services
Navigator Consulting Investment Advisory Services
 
Consolidated investor presentation 2014 10 28
Consolidated investor presentation 2014 10 28Consolidated investor presentation 2014 10 28
Consolidated investor presentation 2014 10 28
 
SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)
SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)
SEZ BROCHURE 20160414_GreenCape_Atlantis flyer__Final (1)
 
Nan corporate presentation october 2015 final
Nan corporate presentation october 2015 finalNan corporate presentation october 2015 final
Nan corporate presentation october 2015 final
 
12.3 2016 investor presentation
12.3 2016 investor presentation12.3 2016 investor presentation
12.3 2016 investor presentation
 
Africa Singapore Business Forum 2018 | Zimbabwe
Africa Singapore Business Forum 2018 | ZimbabweAfrica Singapore Business Forum 2018 | Zimbabwe
Africa Singapore Business Forum 2018 | Zimbabwe
 
Strategies for Growth: Opportunities in the Jamaican Business Environment
Strategies for Growth: Opportunities in the Jamaican Business EnvironmentStrategies for Growth: Opportunities in the Jamaican Business Environment
Strategies for Growth: Opportunities in the Jamaican Business Environment
 
Mao marketing-presentation-june2013
Mao marketing-presentation-june2013Mao marketing-presentation-june2013
Mao marketing-presentation-june2013
 
Pakistan privatisation investmen_policies_v3_28112006
Pakistan privatisation investmen_policies_v3_28112006Pakistan privatisation investmen_policies_v3_28112006
Pakistan privatisation investmen_policies_v3_28112006
 

More from The Worldfolio (11)

Kuwait
KuwaitKuwait
Kuwait
 
Saudi Arabia
Saudi ArabiaSaudi Arabia
Saudi Arabia
 
Equatorial Guinea
Equatorial GuineaEquatorial Guinea
Equatorial Guinea
 
Bangladesh
BangladeshBangladesh
Bangladesh
 
Nigeria
NigeriaNigeria
Nigeria
 
Thailand
ThailandThailand
Thailand
 
Philippines
PhilippinesPhilippines
Philippines
 
Saudi arabia
Saudi arabiaSaudi arabia
Saudi arabia
 
Kuwait
KuwaitKuwait
Kuwait
 
Guayaquil
GuayaquilGuayaquil
Guayaquil
 
Aruba
ArubaAruba
Aruba
 

Recently uploaded

What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...AnaBeatriz125525
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024Adnet Communications
 
How to refresh to be fit for the future world
How to refresh to be fit for the future worldHow to refresh to be fit for the future world
How to refresh to be fit for the future worldChris Skinner
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastInstBlast Marketing
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...Khaled Al Awadi
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridHolger Mueller
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfomnme1
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfmstarkes24
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datassDilipParmar63
 
Cracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxCracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxWorkforce Group
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesAlejandro Cremades
 
Salesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdfSalesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdfqrsolutionsindia
 
HAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future ProspectsHAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future ProspectsRajesh Gupta
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Associationseri bangash
 
Revolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsRevolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsConnova AG
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsAlejandro Cremades
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Alejandro Cremades
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)linciy03
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportDubai Multi Commodity Centre
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.FelixPerez547899
 

Recently uploaded (20)

What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024
 
How to refresh to be fit for the future world
How to refresh to be fit for the future worldHow to refresh to be fit for the future world
How to refresh to be fit for the future world
 
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlastUnlock Your TikTok Potential: Free TikTok Likes with InstBlast
Unlock Your TikTok Potential: Free TikTok Likes with InstBlast
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybrid
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdf
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datass
 
Cracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxCracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptx
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 
Salesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdfSalesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdf
 
HAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future ProspectsHAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future Prospects
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Association
 
Revolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsRevolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon Components
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for Startups
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.
 

Platinum Valley Special Economic Zone

  • 1.
  • 2. 2 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 3 “ “ CONTENTS Mission To industrialize the economy, attract investment, promote exports and overcome the legacy of economic imbalance “ “ Vision The heartbeat of trade, investment, sustainable economic development and job creation 1. Vision and Mission ........................................................................................................................ Page 3 2. Overview & Purpose of the SEZ .................................................................................................... Page 4 3. Platinum Valley Investment Opportunities ................................................................................... Page 4 4. Project Location ............................................................................................................................ Page 5 PICRTURES / CENTREFOLD ............................................................................................................ Page 6 5. SEZ Incentives ............................................................................................................................... Page 8 6. SEZ Incentives – Other Allowances ............................................................................................... Page 8 7. Legislative Framework .................................................................................................................. Page 9 8. Roles & Responsibilities on SEZ .................................................................................................... Page 10 9. Project contacts ............................................................................................................................ Page 12
  • 3. 4 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 5 2. Overview and Purpose of SEZ The Platinum Valley SEZ Project has been established to: • Increase foreign and domestic investment in the Bojanala District; • Increase exports of value-added manufactured goods from the region; • Ensure Employment creation, technology transfer and skills development; • Ensure the creation of economic linkages through supplier development; • Ensure the spread of industrial development regionally and the promotion of industrial agglomeration in the region; • Build the required industrial infrastructure in Bojanala District; • Promote coordinated planning among key government agencies. 3. Platinum Valley Opportunities The following value chains have been identified as viable opportunities which need to be pursued: Mining Input Supply – Capital Equipment, Ball Mill, Ventilation and refrigeration equipment, and Drilling Equipment; • Pharmaceuticals and Chemicals • Catalytic convertors • Oil and Gas Industry Applications • Fuel Cells (Main Focus for the Platinum Valley SEZ) • Ferrochrome Sector • Platinum Recycling 4. Project Location Bodirelo Industrial Park in Moses Kotane Local Municipality will be the main Hub for the SEZ – a 100hactor site which provides for a three phase site development for a • Logistics Park, • Light Manufacturing Space and • Heavy Manufacturing Space.
  • 4. 6 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 7 Bodirelo Industrial Park : Main Entrance Bodirelo Industrial Park: Administration Building
  • 5. 8 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 9 5. SEZ Incentives • Qualifying 12 R – Qualifying companies will be subjected to a reduced CIT tax rate of 15%; • Section 12 S – Qualifying companies within SEZs will get extra accelerated allowances on buildings and improvements to buildings • Companies employing salaried employees (below R6000 per month) will be given a wage incentives; • Special customs and VAT incentives; • Taxpayers achieving SEZ status will retain status for 10 years; • All subject to a sunset clause until 2024. 6. SEZ Incentives – Other Allowances • Industrial Policy Investment projects • Depreciation allowance • Capital allowance – machinery and plant (manufacturing allowances), hotel, ships, aircraft, pipelines, transmission lines and railways; • Airport and Port Assets – 5% annual deduction on the cost of acquisition • Learnership allowance – • Employer gets deduction of R30,000 in each of the of leadership • Employer gets deduction at the end of learnership – R30,000 each year completed • VCC regime; Building and Housing allowances. • Deduction of an allowance in respect of environmental treatment and recycling asset • Deductions in respect of environmental conservation and maintenance • Certified emission reductions – tradable carbon emissions • Energy saving incentives • Research and Development Allowances – 150% • Small Business turnover tax – turn over less than R1 million • Small Business Corporation (less than R20 million turnover) • Accelerated depreciation allowance – all Year 1 • Improved tax rates – on graduated basis 7. Legislative Framework for SEZs: The Platinum Valley is established in terms of the SEZ Act of 2014; The Act provide for: • The Minister to determine policy for the designation, promotion, development, operation and management of Special Economic Zones; • The SEZ Act provides for the establishment of the Advisory Board to advise the Minister on the following: - Designation of SEZs; - Financing and Support Measures; - SEZ Fund – applications and approvals; - Support Measures; - Implementation Protocols.
  • 6. 10 PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) PLATINUM VALLEY SPECIAL ECONOMIC ZONE (PV-SEZ) 11 8. Roles and Responsibilities on SEZ The implementation of SEZs require for a cordial relations between national departments, provincial and local government based on IGR Framework – mutual respect between the different spheres and state agencies; • The national departments who have a role in SEZs are: - Dti – responsible for policy on the establishment and operation of SEZs, National Treasury – approval of funding and special waivers for foreign investors (capital movement and investments), - Mineral Resources – custodian of Mineral Beneficiation policy; - Energy – implementation of different energy mix and technologies; - Home Affairs – approval of work permits for foreign workers in SA; - Science and Technology – support for technology transfer; - Higher Education – custodian of skills development policy; • In the province, the key departments are: Treasury and Enterprise Development, Cooperative Governance, Roads and Transport, • National Agencies: SARS, Transnet, Eskom, and IDC • Municipalities: Bojanala District Municipality; Rustenburg Local Municipality; Moses Kotane Local Municipality and Madibeng Local Municipality
  • 7. Contact details: Platinum Valley SEZ NWDC Trade & Investment Office 171 Beyers Naude, Rustenburg, Bojanala District North West Province, Republic of South Africa www.nwdc.co.za Tel: 014 594 2576 Mr Davis Sadike Project Executive: PV-SEZ Daviss@nwdc.co.za