Automotive Investment Scheme (AIS)
OBJECTIVE
To grow and develop the automotive sector through investment in new and/or replacement models and components, and to stimulate the increase of plant production volumes, sustain employment and/or strengthen the automotive value chain.
BENEFICIARIES
- Light motor vehicle manufacturers
- Component manufacturers
BENEFITS
- Non-taxable cash Incentive Scheme of 20% of the value of qualifying investment in productive assets by light motor vehicle manufactures.
- Non-taxable cash Incentive Scheme of 25% of the value of qualifying investment in productive assets by component manufactures and tooling companies.
- Additional taxable cash Incentive Scheme of between 5% to 10% may be made available to projects that are found to be strategic by the dtic
- Additional taxable cash Incentive Scheme of 5% to projects that meet the economic benefit criteria.
SHARE
Implementing agency
Department of Trade, Industry and Competition
Contact details
Ms Suzan Mabunda
Tel: +27 (12) 394 3243
Mr Mzwakhe Mbatha
Tel: +27 (12) 394 1196
Enquiries: AIScontact@thedtic.gov.za
