TFSA supports the South African sector to increase its competitiveness in renewables energy
TFSA supports the advancement of this emerging industry in South Africa by focusing on the development of guidelines and manufacturing processes. This will help streamline local production of goods associated with green technology and renewables, clarifying local content designations and duty exemptions for imported parts required for manufacturing. In addition, high potential markets for export are identified - including exploring easy-access markets in Sub-Saharan Africa - through opportunity and risk matrixes. With clear guidelines and identification of market opportunities, South African manufacturers can increase their competitiveness against China and other major industry players.
TFSA priority areas within green technology and renewables include local designation, duty exemption and Sub-Saharan African market requirements, as well as local content designations and duty exemptions on manufacturing of renewable energy components.