Concerns about funding incentives for film and TV productions in SA

MONEYWEB
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‘Critical to prevent the implosion of the local industry’.
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There is value in shooting films in SA due to the exchange rate, but there will be a negative impact if the incentives dry up. Image: Shutterstock
The South African film industry enjoyed some Hollywood glamour when
My Octopus Teacher won an Academy Award for best documentary.
However, back home there is growing uncertainty about the financial future of the industry. A relatively unpopular tax incentive will come to an end soon, but the main concern centres on the film and television production cash incentives offered by the Department of Trade, Industry and Competition (dtic).

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