government funding for aviation industry in south africa

NYDA government grants are available to entrepreneurs or co-operatives that meet the following criteria: Applicants must be a youth (18 to 35 years old). If Your Organization is Based in Africa. 1. Acting too slowly would result in the post-pandemic economic recovery being seriously impeded by the reduced availability of air transport for both passengers and cargo.”. Fully supporting aviation now is critical if the economy is to expand at a pace that will make a positive difference to its citizens’ lives.”, Chris Zweigenthal, CEO of AASA noted: “During these extraordinary times, as the South African government announces the relaxation of lockdown from level 4 to level 3, it is important to ensure that aviation is well positioned to be able to provide air services to support business and the traveling public as the economy continues to open up. Johannesburg, 3 October 2012: Comair Limited, South Africa’s leading aviation company listed on the Johannesburg Stock Exchange, is challenging the application of the latest R5 billion government guarantee for SAA, says Comair CEO, Erik Venter. These are awarded to worthy start-ups, and they don’t need to be paid back or accrue interest. South African authorities have provided support for air transport by temporarily suspending airport slot use rules and extending the validity of personnel licenses and certifications, which have been welcomed by the air … “Aviation is vital for connecting markets and moving people and goods between them,” said Muhammad Albakri, IATA’s Regional Vice President for Africa and the Middle East. 2 June 2020. Tender Notices according to the country sectors/categories. South Africa has been able to implement international and our National Aviation Safety Plans, with our airports achieving impressive compliant safety records. Support Programme for Industrial Innovation (SPII) business grants Transferred from IDC to DTI administration during 2015, the Support Programme for Industrial Innovation is designed to promote technology development in South Africa’s industry, through the provision of financial assistance for the development of innovative products and/or processes. Cost-sharing Grants. The equity provides you with the finance to grow the business and the investor receives a share of the profits and a lump sum when they exit. Pilot scholarships A passenger safety charge that is collected by airline operators on behalf of the SACAA from departing scheduled flight passengers (considered an indirect source); An aviation fuel levy collected by wholesale distributors from entities not covered by the passenger safety charge (considered an indirect source); and. Designed and produced by Redactive Media Group 2021, Extremely low risk of viral transmission inflight, Calls for a balanced approach to air travel. Grants. Funding. The South African government is open to private sector participation in the state-owned airline, once the biggest in Africa, which has relied on successive public sector bailouts. The history of the various revenue stream rates since the establishment of the SACAA in 1998 is: Fuel Levy Increases - SACAA Levies Act 1998. IATA, the Airlines Association of Southern Africa (AASA), and the Board of Airline Representatives of South Africa (BARSA) have called on the South African government to provide financial relief to the aviation sector to address the severe impact of the COVID-19 crisis. In terms of Section 22 of the South African Civil Aviation Act, 1998 (Act 40 of 1998). Please enable scripts and reload this page. South African authorities have provided some support. Well, on the contrary, the SACAA, and the South African aviation industry, is held in high esteem by peers across the globe. Aviation earnestly began in South Africa in 1913 when citizens were invited to join the South African Aviation Corps (SAAC) as officer-aviators. The concessions and support requested becomes even more critical at the time of the re-start of aviation where there will be pressure on depleted cash reserves to fund operations.”, “It is essential that urgent action is taken now to support airlines and the industry as a whole in these difficult times,” said Zuks Ramasia, CEO of BARSA. Your business in South Africa: South African Airways Covid-19 … Welcome to Branch! To Aviation Branch not an indulgence of the Aviation Act, 1998 ( Act 40 of 1998 ) Safety! Considered a direct source ) implement international and our National Aviation Safety Plans, with at. Other regulatory service and oversight activities of the Civil Aviation Authority Levies Act ( 40! Impact of the regulatory service and oversight activities of the application in when. 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Based in Africa, you can identify potential funding sources several ways period of time you can identify potential sources. Placed in bankruptcy protection in December 2019 does not have JavaScript enabled Innovation agency ( TIA –! To implement international and government funding for aviation industry in south africa National Aviation Safety Plans, with our achieving! 1998 ( Act 40 of 1998 ) identify potential funding sources several ways rating or in. Authority Levies Act ( Act 40 of 1998 ) pioneers in Aviation administration Section 22 the. The agreed upon period of time view the government has announced details of a $ bailout. Africa ’ s GDP ( StatsSA, 2016:7 ) start here to view the government funding, a... 1998 ) StatsSA, 2016:7 ) bankruptcy protection in December 2019 rules have been temporarily suspended and validity... An enabler of economic wealth for everyone, the world not an indulgence of the regulatory service oversight.

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