Special Economic Zones Act, 2014 (Act No. 16 of 2014)

Regulations

Regulations made in terms of section 41 of the Special Economic Zones Act, 2014 (Act No. 16 of 2014)

Schedule A

5. Requirements for an application for monies from the Special Economic Zones Fund
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(1)The Minister must, from time to time, publish the procedure to be followed when applying for monies from the Fund.

 

(2)An applicant must submit the application to the Director General:
(a)at the street address of the Department, or
(b)by registered post remitted to the postal address of the Department.

 

(3)An applicant must submit the following information and documents:
(a)the name, address, and contact information of the applicant;
(b)full and detailed grounds on which the application is based;
(c)a project motivation that explains the importance of the initiative for which the applicant is seeking funds;
(d)a detailed business plan and budget for the project; and
(e)a feasibility study as contemplated in Schedule 1 to the Regulations, unless the application is for funding for a feasibility study.

 

(4)The Adjudication Committee may, after receipt of an application—
(a)provide the applicant with a written acknowledgement of receipt of the application within 3 days of receipt of the application;
(b)request such further documentation or particulars in writing from an applicant relating to any matter pertaining to the application as may be deemed necessary within 7 days of receipt of the application; and
(c)conduct such investigation and/or inspection of the applicant as may be deemed necessary in the circumstances.

 

(5)The Adjudication Committee must consider an application and recommend to the Minister whether or not to approve the application for funds.

 

(6)The Minister, after considering the recommendation of the Adjudication Committee:
(a)may grant the application, with conditions; and
(b)must inform the applicant in writing of the decision.