CAPE Town will have to work harder to attract foreign productions as London prepares to put into operation a new incentive scheme that will make it more attractive to the film industry.
The new scheme, to be effective in London from April, has prompted the South African government to review its own rebates in order to come up with a design that will help the local industry remain competitive.
The current South African rebates allow for films spending more than R12-million to claim back 20% of their “qualifying South African expenditure” as a rebate provided at least 50% of the photography is completed in the country, over a minimum period of four weeks. The incentives increase to a maximum of 25% if post production is also done locally. – Bianca Capazorio