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Overview of dti incentives industry

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  • 1. THE DTI’S INCENTIVE PROGRAMS An Overview Compiled by Dectra
  • 2. THE DTI • The Enterprise Organisation (TEO) • Head office and regional offices • A DDG in charge • More than 20 cash grant programs • Guidelines • Website • Manual / electronic • Try to contact the DTI by phone • Email communication • IDC 3DTI's Incentive Programs
  • 3. CONSULTANTS A niche industry Specialised knowledge, Experience, systems. The ICA (Incentive Consultants Association) Accreditation by DTI Professional Indemnity Insurance Quality Assurance Some Crooks & Robbers 4DTI's Incentive Programs
  • 4. GENERAL STRUCTURE OF INCENTIVE PROGRAMS • Generic / Sector specific • Subsidise input costs • Cost sharing (never 100%) • Taxable/tax free • Two stages: Apply; claim. • Application based on projections: Qualifying requirements • Claims verified by inspectors & your auditors: Performance requirements 5DTI's Incentive Programs
  • 5. FREQUENTLY ASKED QUESTIONS • Does the government have the money? • Is it only for Black people? • Am I too rich or too poor perhaps? • Can I get a grant to start my project? • Is it worth the trouble? • How long will it take? • How do they pay it? • Can I explain my situation to the DTI? 6DTI's Incentive Programs
  • 6. THE ROLE OF AUDITORS • Factual findings report • Financial statements • Management accounts • Divisional accounts • NB: alert clients about incentive support 10DTI's Incentive Programs
  • 7. CONCLUSION • Large variety of incentive programs • Incentives are almost always valuable • But not always useful • Lack of experience and of system could cost you the grant • Dectra – info@dectra.co.za – www.dectra.co.za – 021 939 7496 11DTI's Incentive Programs