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Platinum Valley SEZ established in the North West

A Special Economic Zone (SEZ) dedicated to Mineral Beneficiation has been proclamated for the platinum-rich Bojanala district of the North West Province. To be known as the Platinum Valley SEZ, the special economic zone was established in terms of the SEZ Act of 2014.

 

Platinum Valley SEZ – Location

The main hub of the Platinum Valley SEZ is to be housed in a 100 hectare site of the Bodirelo Industrial Park. The industrial park is located near the town of Mogwase in the Bojanala Platinum District of the North West Province.The site will be developed in three phases comprising of a logistics park, light manufacturing space and a heavy industries manufacturing space.

 

Investor Opportunities

A number of value chains have been identified as viable opportunities:

  • Mining Input Supply – Capital Equipment, Ball Mill, Ventilation and refrigeration equipment, and Drilling Equipment;
  • Pharmaceuticals and Chemicals
  • Catalytic Convertors
  • Oil and Gas Industry Applications
  • Fuel Cells (Main Focus for the Platinum Valley SEZ)
  • Ferrochrome Sector
  • Platinum Recycling

 

Purpose of the Platinum Valley SEZ

The Platinum Valley SEZ has been established to:

  • Increase foreign and domestic investment in the Bojanala District
  • Increase exports of value-added manufactured goods from the region
  • Ensure employment creation, technology transfer and skills development
  • Ensure the creation of economic linkages through supplier development
  • Ensure the spread of industrial development regionally and the promotion of industrial agglomeration in the region
  • Build the required industrial infrastructure in Bojanala District
  • Promote coordinated planning among key government agencies.

 

SEZ incentives

  • Qualifying 12 R – Qualifying companies will be subjected to a reduced CIT tax rate of 15%
  • Section 12 S – Qualifying companies within SEZs will get extra accelerated allowances on buildings and improvements to buildings
  • Companies employing salaried employees (below R6000 per month) will be given a wage incentive;
  • Special customs and VAT incentives;
  • Taxpayers achieving SEZ status will retain status for 10 years;
  • All subject to a sunset clause until 2024.

 

SEZ incentives – Allowances

  • Industrial Policy Investment projects
  • Depreciation allowance
  • Capital allowance – machinery and plant (manufacturing allowances), hotel, aircraft, pipelines, transmission lines and railways;
  • Airport and Port Assets – 5% annual deduction on the cost of acquisition
  • Learnership allowance :
    • Employer receives deduction of R30,000 in each of the of leadership
    • Employer receives deduction at the end of learnership – R30,000 each year completed
  • VCC regime; Building and Housing allowances.
  • Deduction of an allowance in respect of environmental treatment and recycling asset
  • Deductions in respect of environmental conservation and maintenance
  • Certified emission reductions – tradable carbon emissions
  • Energy saving incentives
  • Research and Development  Allowances – 150%
  • Small Business turnover tax – for turnover less than R1 million
  • Small Business Corporation (less than R20 million turnover)
  • Accelerated depreciation allowance – all Year 1
  • Improved tax rates – on graduated basis

 

Contact 

Contact the Platinum Valley SEZ Project Office at the NWDC
171 Beyers Naude Drive,
Rustenburg.

Telephone:   +27 14 594 2570

Mr Davis Sadike
Project Executive: PV-SEZ
Daviss@nwdc.co.za

 




  • USD 13.765
  • GBP 18.092
  • EUR 16.196
  • SGD 10.12
  • PLAT $922.19
  • GOLD $1,286.69
  • Oil $55.87
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