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Incentives
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Land Price Incentives . Sewerage . Water Incentives . Electricity Incentive . Incentives for Bigger Investment | ||||||||||||||||||||||||
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A 40% rebate on the purchase price of serviced land provided that negotiated stage of development is reached within a specific time frame (Rebate will bein the form of additional property tax concessions on top of those mentioned below).
Regular inspections must be carried out by the Department of Health to ensure that the requirements are complied with during the first 3 years Land Price Incentives A 20 year lease agreement be offered to potential developers
of a commercial site, subject to the following; Sewerage The investor will be responsible for the installation fee based on actual cost, but the installation cost of water will be deemed to be part of the contribution made in terms of water directives. |
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| Year 1 | The investor will pay 70% of the applicable tariff (calculated from date of signing of purchase/lease agreement). | ||||||||||||||||||||||||
| Year 2 | The investor will pay 80% of the applicable tariff. | ||||||||||||||||||||||||
| Year 3 | The investor will pay 90% of the applicable tariff. | ||||||||||||||||||||||||
| Year 4 | Normal tariff will apply. | ||||||||||||||||||||||||
| Year 1 | The investor will pay 100% of the applicable ESKOM tariff (calculated from date of signing of purchase/lease agreement). | ||||||||||||||||||||||||
| Year 2 | The investor will pay 100% of the applicable ESKOM tariff plus 33% of operating cost to Council (i.e. cost plus 33% of difference between cost and negotiated electricity tariff). | ||||||||||||||||||||||||
| Year 3 | The investor will pay 100% of the applicable ESKOM tariff plus 66% of operating cost to Council (i.e. cost plus 66% of difference between cost and negotiated electricity tariff). | ||||||||||||||||||||||||
| Year 4 | Normal promulgated hour charges will continue. | ||||||||||||||||||||||||
| Incentives for Bigger Investments | |||||||||||||||||||||||||
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The following standard incentives be offered by the Municipal Manager to investors that wish to establish in amy developed industrial/commercial area or where a piece of land is developed to the specific needs of the investor and the minimum requirements as set out below are met. A minimum of 1 MVA load is required, minimum 9 hour production,
ability to effect at least 30% load shedding, and/or capacity to co-generate
3 mega watts (minimum) lectricity required to qualify. |
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| Year 1 | The investor will pay 100% of the applicable ESKOM tariff (calculated from date of signing of purchase/lease agreement). | ||||||||||||||||||||||||
| Year 2 | The investor will pay 100% of the applicable ESKOM tariff plus 33% of operating cost to Council (i.e. cost plus 33% of difference between cost and negotiated electricity tariff). | ||||||||||||||||||||||||
| Year 3 | The investor will pay 100% of the applicable ESKOM tariff plus 66% of operating cost to Council (i.e. cost plus 66% of difference between cost and negotiated electricity tariff). | ||||||||||||||||||||||||
| Year 4 | Normal promulgated hour charges will continue. | ||||||||||||||||||||||||