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Verimark celebrates 40th year with expansion 

     29th June 2017 Verimark, starting from humble beginnings 40 years ago, has successfully transitioned from seller and distributor of direct response television products into a diversified retail corporate leveraging an ever-expanding platform. Natasha Odendaal tells us more. 

Indaba critical for policy engagement 

By: Nica Schreuder     23rd June 2017 With the policy environment changing as a result of global and local competition, consulting firm Cova Advisory believes that this year’s Manufacturing Indaba can play a significant role to assist industry in staying abreast of the changes. Cova Advisory has been a sponsor of the Manufacturing... 

R&D incentives pivotal for sector growth

By: Nica Schreuder     23rd June 2017 The direct correlation between successful economies and their investment into research and development (R&D), is the reason consultancy firm Cova Advisory joint MD Duane Newman says it is important that local manufacturing sector and government continue to engage in the R&D incentives made... 

Indaba to focus on emerging sector developments

By: Nica Schreuder     23rd June 2017 With the 2017 Manufacturing Indaba’s focus being on the development of emerging manufacturers, event organisers Siyenza Management MD Liz Hart says the event will continue to provide new and innovative content as well as showcase the latest in local and global trends in manufacturing. She notes... 

Cova Advisory partners with UK business to broaden horizons

By: Megan van Wyngaardt     17th March 2017 South African investment consultancy Cova Advisory is partnering with European business performance consultant Ayming’s UK office to expand its global footprint. “Cova services our clients in South Africa, and Ayming services [clients in] the UK, European and North American markets. The objective... 

Industry Desperate for Certainty on Carbon Tax

     22nd February 2017 Leading energy consultancy Cova Advisory has warned that there is a desperate need for certainty over South Africa’s planned Carbon Tax.   The warning came in the run-up to this week’s Budget, when Finance Minister Pravin Gordhan is widely expected to give an update on plans for the new tax.... 

Industry Desperate for Certainty on Carbon Tax

By: Creamer Media Reporter      22nd February 2017 Leading energy consultancy Cova Advisory has warned that there is a desperate need for certainty over South Africa’s planned Carbon Tax.   The warning came in the run-up to this week’s Budget, when Finance Minister Pravin Gordhan is widely expected to give an update on plans for the new tax. “On... 

Certainty on Carbon Tax needed from this year’s Budget – Cova

By: Creamer Media Reporter      20th February 2017 With expectations of the long-awaited Carbon Tax being implemented in 2018, much more clarity and certainty will be needed from the 2017 Budget, which will be delivered by Finance Minister Pravin Gordhan on Wednesday. Currently, much uncertainty exists, with industry questioning policy certainty,... 

Incentives must remain crucial part of SA’s industrial policy arsenal

By: Duane Newman     3rd June 2016 I was heartened to hear Trade and Industry Minister Dr Rob Davies confirming the importance of investment incentives when he unveiled the latest iteration of government’s Industrial Policy Action Plan (Ipap) earlier this month. 

Use the auto template

By: Terence Creamer     27th May 2016 Trade and Industry Minister Dr Rob Davies reaffirmed on Tuesday that government planned to pursue an increasing number of sector-specific incentive schemes, with an initial focus on the creation of new incentives for the agroprocessing and railways industries. Speaking at a business briefing... 

DTI urged to consult widely on new rail, agroprocessing incentives

By: Terence Creamer     17th May 2016 Trade and Industry Minister Dr Rob Davies reaffirmed on Tuesday that government planned to pursue an increasing number of sector-specific incentive schemes, with an initial focus on the creation of new incentives for the agroprocessing and railways industries. Speaking at a business briefing... 

Cova Advisory opens Cape Town office 

By: Anine Kilian     31st March 2016 Independent advisers Cova Advisory has opened an office in Cape Town to support further investments and exports in the Western Cape. Cova partner Tumelo Chipfupa said this would allow the company to advise firms that wanted to invest in or expand their operations into the province. 

SA 2016/17 BUDGET

     25th February 2016 Minister Gordhan presented his budget speech to Parliament earlier today. Summarised below are important aspects from a government grant and incentives perspective. The Green Economy 

Cova Advisory Goes Green

     29th January 2016 Environment and incentives experts Cova Advisory and Associates has boosted its campaign for sustainability, by relocating to a new Green Building in the Waterfall Estate, North of Johannesburg. This meets the twin requirements of demonstrating the company’s commitment to the environment and... 

Independent adviser achieves energy-verification accreditation

By: Sashnee Moodley     18th September 2015 Independent advisers Cova Advisory and Associates celebrated its second anniversary last month, which coincided with the company’s being accredited by the South African National Accreditation System (Sanas) as an energy measurement and verification inspection body – only the sixth company in... 

Cova Advisory & Associates

     19th June 2015 Established in 2012, incentive advisory firm Cova Advisory and Associates delivers tailored advice to clients who are looking to apply for government grants and incentives. The team, which has more than 60 years of cumulative experience in their fields, closely monitor the changing regulatory... 

DTI lowers MCEP incentive threshold to R50m

By: Terence Creamer     13th May 2015 The Department of Trade and Industry (DTI) has published a notice of changes to its flagship incentive, the Manufacturing Competitiveness Enhancement Programme (MCEP). In a note on its website, the department indicated that, as from May 11, 2015, new applications with an investment value of... 

Cova Advisory Budget Update

By: Creamer Media Reporter      16th March 2015   Minister Nene’s Budget identified nine strategic priorities, including amongst others, encouraging private investment, enhancing the Industrial Policy Action Plan (“IPAP”) and resolving the energy challenge in partnership with the private sector. 

Government declares 2015 the year of special economic zones delivery

By: Zandile Mavuso     6th February 2015 Out of South Africa’s ten prospective special economic zones (SEZs), three are on the verge of implementation and, before the end of this year, one of them will be completed and implemented, says the Department of Trade and Industry (DTI), which envisions 2015 to be the year for multidimensional... 

Government declares 2015 the year of special economic zones delivery

By: Zandile Mavuso     6th February 2015 Out of South Africa’s ten designated special economic zones (SEZs), three are on the verge of implementation and, before the end of this year, one of them will be completed and implemented, says the Department of Trade and Industry, which envisions 2015 to be the year for multidimensional SEZ... 

Government Incentives for Manufacturing must be Simplified.

     23rd May 2014 One of South Africa’s top experts on government aid to industry has suggested that the impact of the government’s incentives could be enhanced by simplifying the rules for obtaining assistance.  The suggestion came from Cova Advisory Director Tumelo Chipfupa, who was addressing delegates at the... 

Manufacturing incentives well considered, but greater tariff protection crucial

By: Natalie Greve     20th May 2014 Popular consensus emerging from panelists at the Manufacturing Indaba, in Ekurhuleni, on Tuesday, is that, while industry is largely supportive of government’s various manufacturing incentive schemes, these require further bolstering through the implementation of import tariffs to protect the... 

Finding Growth Opportunities In The South African Manufacturing Sector

     5th May 2014 Join us at this year's most important manufacturing event – the Manufacturing Indaba Conference and Exhibition. It takes place from the 19 – 20 May 2014, at Emperors Palace, Johannesburg, and brings together leading manufacturing experts. The inaugural event, partnered with the Manufacturing... 

Reducing Your Carbon Tax Liability Through Offsetting

     30th April 2014 National Treasury released a long-awaited paper on carbon offsets on 29 April 2014 for comment by the public before the 30th of June 2014. The policy paper provides detail on what carbon offsets can potentially be used to reduce a company’s carbon tax liability. The paper must be read in the... 

DTI announces ‘tightening’ of manufacturing incentive scheme

By: Natalie Greve     4th April 2014 Trade and Industry Minister Dr Rob Davies has approved the newly revised Manufacturing Competitiveness Enhancement Programme (MCEP) guidelines for implementation from April 1 in a bid to ‘tighten up’ the potentially imbalanced awarding of manufacturing support grants. This followed consultation... 

Manufacturing Competitiveness Enhancement Programme - Update

     2nd April 2014 The Manufacturing Competitiveness Enhancement Programme was first launched in June 2012 and aimed at providing support to the manufacturing sector. The latest revision of the MCEP guidelines were published on 1 April 2014 and will be effective for all applications submitted after this date. Below... 

Tax incentives, grants part of govt’s long-term strategy

By: Duane Newman     14th March 2014 Tax incentives and grants received a specific mention in Finance Minister Pravin Gorghan's Budget speech this year, which shows these are an important part of government’s medium-term strategy.  It is also clear that the greener economy is an important part of government’s plans. I set out below... 

Budget Update

     27th February 2014 Tax incentives and grants got a specific mention in the Budget Speech this year which shows me it is an important part of Government’s medium term strategy.  It is also clear that the greener economy is an important part of Government’s plans.  I set out below our commentary on areas we... 

Budget predictions 2014

     17th February 2014 On 26 February 2014, Minister Pravin Gordhan will be standing in parliament to present the National Budget. As become customary in recent years, we do not expect any huge news as it is vital that the budget process is stable and predictable. The medium term expenditure framework (MTEF) gives us... 

How embedded electricity generation could shake up the system 

By: Kim Cloete     31st January 2014 With ongoing electricity price increases, embedded generation – connecting small-scale energy producers with the electricity distribution network – is becoming an increasingly attractive prospect in South Africa. Both solar and wind energy have become a lot cheaper over the past couple of years... 

How embedded electricity generation could shake up the system

By: Kim Cloete     31st January 2014 With ongoing electricity price increases, embedded generation – connecting small-scale energy producers with the electricity distribution network – is becoming an increasingly attractive prospect in South Africa. Both solar and wind energy have become a lot cheaper over the past couple of years... 

Manufacturing incentives of R3bn approved for projects valued at R13bn

By: Terence Creamer     29th November 2013 The Department of Trade and Industry (DTI) has reported strong uptake for its R5.8-billion Manufacturing Competitiveness Enhancement Programme (MCEP), which was launched in 2012 to support a sector where output and jobs remained at risk owing to a range of international and domestic pressures.... 

Manufacturing incentives of R3bn approved for projects valued at R13bn

By: Terence Creamer     14th November 2013 The Department of Trade and Industry (DTI) has reported strong uptake for its R5.8-billion Manufacturing Competitiveness Enhancement Programme (MCEP), which was launched in 2012 to support a sector where output and jobs remained at risk owing to a range of international and domestic pressures.... 

Key carbon tax considerations for policymakers, stakeholders

By: Creamer Media Reporter      16th August 2013 This is the last of three articles on a major challenge for South African policymakers and businesses – how to implement a new regime of carbon taxes to achieve the desired goal of curbing greenhouse-gas (GHG) emissions without placing a crippling burden on industry. In our first two articles, we... 

APDP to increase local vehicle content, component supply

By: Chantelle Kotze     22nd February 2013 The Automotive Production and Development Programme (APDP) that was implemented in January will be more effective in increasing local-vehicle-component content than the previous Motor Industry Development Programme (MIDP), as it is drafted in such a way as to diversify, deepen and increase the... 

Shale gas development in SA – lessons from the US

     5th October 2012 The South African Cabinet recently lifted the moratorium on shale gas drilling by means of hydraulic fracturing (fracking) in the Karoo. There had been heated debate on this issue owing to environmental concerns which now require that the energy, revenue and jobs potential of this natural... 

Focus areas in SA’s low-carbon transition

     21st September 2012 Focus areas in our low carbon transition In my last article on the National Planning Commission’s (NPC's) National Development Plan (NDP) to 2030, I introduced the transition to the low-carbon future that is being visioned for South Africa. It is clear that South Africa has ambitions to be a... 

Plan looks beyond a low-carbon future

     31st August 2012 When I read the National Planning Commission’s National Development Plan 2030: Our Future – Make it work, I was encouraged that there is clear collective understanding of South Africa’s challenges and a robust plan on how to address them. In this article, I will analyse what the plan says about... 

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