General description of the offering

Assistance is provided to South African entities organising an inward buying/investment mission to enable a prospective buyer/investor to make contact with them to conclude export orders or attract foreign direct investment.

Scheme-specific qualifying criteria

The business invited must have a large buying/investment capacity and the representative of the business must be decision-making officer who is able to conclude contracts. The invited mission member must attend all business appointments and functions. EMIA will not consider follow-up visits. The buyer/investor must not have previous or existing relations with the company - the incentive is intended for a new prospective customer.

Financial contribution for IIBM

The Department of Trade and Industry will provide the following compensation in respect of the types of entities as listed below:

• HDl's
  1. Economy Class return airfare
  2. 100% of the costs to a maximum of R10 000
  3. Subsistence allowance: A subsistence allowance of R800/day up to five (5) days
  4. Rental of vehicle of up to R200/day for a maximum of (5) days
• SMME's
  1. Economy Class return ticket
  2. 80% of the costs to a maximum of R8 000
  3. Subsistence allowance: A subsistence allowance of R800/day up to five (5) days
  4. Rental of vehicle of up to R200/day for a maximum of (5) days
• Other size entity
  1. Economy Class return ticket
  2. 50% of the costs to a maximum of R5 000
  3. Subsistence allowance: A subsistence allowance of R800/day up to five (5) days
  4. Rental of vehicle of up to R200/day for a maximum of (5) days

Supplementary information required with the Application Form for PMR

(Refer to detailed description of required documentation)

• Documentation required from all applicants:
  1. For Inward Buying Missions the applying business must submit a copy of the Customs & Excise registration certificate.
  2. Proof of registration of the entity
  3. Full-colour product brochures from the visiting entity
  4. Financial statements or bank statements in the case of a sole proprietor
  5. A motivation for the Inward Buying Mission including:
     • Objectives of the mission
     • The market potential of the industry
     • Any import restrictions (in the buyer's country), and
     • Export potential of industry and products concerned
  6. Applicants must submit a detailed itinerary with the application - the itinerary must clearly set out objectives of daily activities
  7. A profile of the invited company such as a website address etc., as well as a letter from the foreign company confirming the designation of the buyer/investor
  8. Three (3) air ticket quotations; two (2) from EMIA's preferred service providers and a third from a service provider of choice
• Additional Documentation required from an Export Trading House, Commissioned Agent or Industry Association
  1. Industry Associations, Export councils or Joint Action Groups, must supply:
     • Brochures of at least five (5) South African businesses
     • Letters of permission to represent these businesses at this event
     • Details in terms of export capacity on the application form of the five (5) companies represented at the event
     • If the applicant is a Commissioned Agent, copies of agency agreements from three (3) represented SMME's or HDI's
     • If the applicant is an Export Trading House, letters confirming permission to represent three (3) SMME's or HDI's
• Entities that are outsourcing their manufacturing process
  1. These entities will only qualify on submission of:
     • Formal outsourcing agreement/s between the entity and the manufacturer/s OR
     • Other proof substantiating that the entity is the legal owner of the product/design or patent.

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