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STEP 9: OBTAINING FINANCES/RESOURCES FOR YOUR EXPORTS
You are here: Step 9: Obtaining finances/resources for your exports > dti export incentives  
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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Step 9: more information

Step 9: Obtaining finances/resources for your exports
      .Bank financing
      .Payment methods as a means of financing
            .Definitions and terminology
            INDIVIDUAL PARTICIPATION INCENTIVE SCHEMES
            .Individual Exhibitions (IE)
                  .Who qualifies for the individual exhibitions scheme?
                  .Limitation of assistance provided
                  .Steps involved in applying for assistance
                  .Qualifying and financial criteria
                  .Application documentation and other requirements
                  .Claim documentation and other requirements
            .Individual Inward-bound Mission (IIBM)
                  .Minimum mandatory requirements
                  .Application process
                  .Qualifying and financial criteria
                  .Application documents and other requirements
                  .Claim documents
            .In-store promotions (IP)
                  .Qualification criteria
                  .Limitation of Assistance
                  .Application process
                  .In-store promotions in the foreign market
                  .Application documents and other requirements
                  .Claim documents and other requirements
            .Primary Market Research (PMR)
                  .Minimum requirements for participation
                  .Limitation of assistance provided
                  .Application process
                  .Undertaking PMR in the foreign market
                  .Application documents and other requirements
                  .Claim documents and other requirements
            GROUP PARTICIPATION INCENTIVE SCHEMES
            .National Pavilions (NP)
                  .Minimum requirements for participation
                  .National Pavilions at Local & International trade fairs
                  .Application process
                  .Supplementary information and documentation
                  .Exhibitors' responsibilities
      .Payment terms and export financing
      .Pricing as a means of financing
      .Export receivables
      .Foreign currency loans
      .Alternative sources of financing

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More information on Step 9
Learning to export... The export process in 21 easy steps
Step 1: Considering exporting
Step 2:Current business viability
Step 3:Export readiness
Step 4:Broad mission statement and initial budget
Step 5:Confirming management's commitment to exports
Step 6: Undertaking an initial SWOT analysis of the firm
Step 7:Selecting and researching potential countries abroad
Step 8: Preparing and implementing your export plan
Step 9: Obtaining financing for your exports
Step 10: Managing your export risk
Step 11: Promoting the firm and its products abroad
Step 12: Negotiating and quoting in exports
Step 13: Revising your export costings and price
Step 14: Obtaining the export order
Step 15: Producing the goods
Step 16: Handling the export logistics
Step 17: Export documentation
Step 18: Providing follow-up support
Step 19: Getting paid
Step 20: Reviewing and improving the export process
Step 21: Export Management
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