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9: Obtaining finances/resources for your exports
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dti Export
Incentives
Getting financing assistance from the dti
In South Africa, the Department of Trade
and Industry's (dti) administers an export marketing assistance scheme (referred to as EMIA) which
may help to increase an exporter's financing options. The EMIA scheme incorporates
a range of export incentives to assist existing and would-be
exporters to penetrate foreign markets. These incentives are intended to partially compensate exporters for
costs incurred in respect of activities aimed at developing
export markets for South African products and services, such as undertaking
primary marketing research, participating in international
exhibitions and inviting potential buyers to visit South
Africa. Although these schemes are only aimed at some
of the marketing costs incurred by exporters, they nevertheless
do help with financing in that exporters can move money that
they would have needed for export marketing to instead
help finance an export order, for example.
The purpose of assistance under the EMlA scheme is to partially compensate exporters for costs incurred in respect of activities aimed at developing export markets for South African products and services, and to recruit new foreign direct investment and potential customers into South Africa. EMIA is broadly divided into two types, individual participation schemes and group schemes.
Any assistance provided under the EMIA schemes is at the absolute discretion of the Deputy Director-General of Trade and Investment South Africa (TAISA) whose decision will be final. No EMIA incentives are available for the period from 10 December up to and including 10 January of each year.
Individual Participation Incentive Schemes administered by Trade and Investment South Africa include:
- Individual Exhibition (lE) and In-Store Promotions (lP)
- Primary Market Research (PMR) and Foreign Direct Investment (FDI)
- Individual Inward Bound Missions (IIBM)
Group Participation Incentive Schemes administered by Trade and Investment South Africa include:
- Group Inward Buying Missions (IBM)
- Group Inward Investment Mission (IIM)
- National Pavilions (NP)
- Outward Selling Trade Mission Assistance (OSM) and Outward Investment Mission Assistance (OIM)
- Sector-specific assistance (SSAS)
As far as exports are concerned, there five
schemes, which we have listed below.
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