The Cape Film Commission (CFC) reports that it met recently with the Department of Trade & Industry (DTI) and the National Film & Video Foundation (NFVF) to discuss possible changes to the DTI film rebate scheme as well as the addition of a 1% development levy on qualifying productions above R10 million.
The CFC reported that the NFVF would administer the development fund and it would be primarily used to help stimulate and grow the local film industry.
The DTI is in discussions with various film industry stakeholders and film commissions to have the current rebate scheme which is capped at R10 million increased to R20 million.
According to the CFC negotiations are also underway to have industry sectors such as post production benefiting from the film rebate scheme.
