The Industrial Development Corporation (IDC) has committed additional investment of R177-million for feature films, documentaries and television series productions, it announced on Sunday.
The IDC has invested more than R330 million in local productions and co-production feature films since 2001.
It funded the Oscar-winning ‘Tsotsi’ to the tune of R12 million.
“The success of Tsotsi is exactly the kind of result the IDC has been aiming for,” read a statement released at the Tsotsi team’s celebratory welcome at Johannesburg International Airport.
“It’s a locally conceived, written, directed and produced film that features our own stars,” said chief executive Geoffrey Qhena.
“This certainly gives us encouragement to continue to support local film projects.”
News extraced from Sapa
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