Tuesday, July 12, 2016

South Africa and the United Kingdom signs a television co-production agreement to strengthen ties between the two broadcast industries.

South Africa and the United Kingdom have signed a television co-production agreement to strengthen ties between the two broadcast industries, saying in a statement the treaty will aim to "encourage the sharing of knowledge and ideas and drive economic growth through television co-production".

The new agreement was negotiated between Britain's department for culture,media and sport, the British Film Institute and South Africa's department for arts and culture.

As part of the agreement, SA-UK TV co-productions that qualify will get a higher-rate production rebate in South Africa, and television tax relief in Britain, as well as animation TV tax relief and children's TV tax relief in the United Kingdom.

"British television production is a tremendous success story, but we need to make sure the UK remains well placed to take advantage of the opportunities that come through international collaboration," says the UK culture minister Ed Vaizey.

"This new agreement enhances our already strong relationship with South Africa and will help television production companies in both countries realize the benefits that come with co-production".