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STEP 9: OBTAINING FINANCING FOR YOUR EXPORTS
You are here: Step 9: Obtaining financing for your exports > EMIA > Group Trade Missions > Types of assistance and financial contributions

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Trade Missions - Types of assistance and financial contributions

Introduction

The Department of Trade and Industry (thedti) provides different financial contributions and applies different criteria for approval of Inward- versus Outward-bound Trade Missions, as well as for participation at either local or international seminars/conferences and for foreign buyer assistance. These are discussed below under the following headings:

  1. Financial contribution for participation in Outward Selling Mission
  2. Financial contribution for participation in a foreign export seminar/conference
  3. Financial contribution for inviting delegations of buyers to SA (Inward Buying Mission)
  4. Financial contribution for inviting foreign buyers to attend a local event/exhibition in SA
  5. Financial contribution for foreign buyer to attend a SA National Pavilion at an international trade fair/show

1. Financial contribution for participation in Outward Selling Missions

The Department of Trade and Industry (thedti) will provide the following compensation in respect of the types of entities as listed below (these allowances are also applicable to marketing research and lobbying/bidding missions):

  • HDI's
    • 100% of the costs of an economy class return airfare up to a maximum of R13 000
    • A subsistence allowance for up to 15 days - the benefit is R1 800/day
    • Transport of samples - thedti will pay up to R1000 for excess baggage claims specifically for the transportation of samples
  • SMME's
    • 100% of the costs of an economy class return airfare up to a maximum of R13 000
    • A subsistence allowance for up to 15 days - the benefit is R1 800/day
    • Transport of samples - thedti will pay up to R1000 for excess baggage claims specifically for the transportation of samples
  • Other size entity
    • 50% of the costs of an economy class return airfare up to a maximum of R6 500
    • A subsistence allowance for up to 15 days - the benefit is R1 800/day
    • Transport of samples - thedti will pay up to R1000 for excess baggage claims specifically for the transportation of samples
  • Mission brochure - thedti will pay 80% of the cost of a mission brochure up to a maximum of R50 000; note - this is per mission and not per exporter

2. Financial contribution for participation in foreign export seminars/conferences

All entities:

  • 50% of the costs of an economy class return airfare up to a maximum of R6 500
  • A subsistence allowance for up to 3 days - the benefit is R900/day (maximum of R2700)

3. Financial contribution for inviting delegations of buyers to SA

Thedti will provide the following financial assistance to qualifying organisations who invite delegations of buyers to South Africa.

  • Airfare - thedti will pay 100% of a business/economy class return airfar for one business executive with contracting authority from a particular foreign concern only. This includes any domestic air travel.

  • Hotel accommodation - thedti will pay for hotel accommodation including dinner, bed and breakfast but excluding alocholic beverages up to a maximum of R1 800/day for a maximum of 10 days. The organiser of an inward-bound trade mission must obtain quotes from at least three (3) of the EMIA Preferred Service Providers and forward these to the mission business unit for consideration.

  • Vehicle rental - Groups consisting of 1-2 buyers would qualify for the rental of a Group B vehicle for the duration of the mission only. Groups consisting of more than 3 buyers would qualify for the rental of 1 minibus or more (where applicable) for the duration of the mission only. The organiser of a mission must obtain quotes from at least three (3) of the EMIA Preferred Service providers and forward these to the mission business unit for consideration.

4. Financial contribution for inviting foreign buyers to attend a local event/exhibition in SA

thedti will provide the following financial assistance to qualifying organisations who invite delegations of buyers to attend a local event/exhibition in South Africa.

  • Airfare - thedti will pay 100% of an economy class return airfare

  • Hotel accommodation - thedti will pay for hotel accommodation including dinner, bed and breakfast but excluding alocholic beverages up to a maximum of R1 800/day for a maximum of 3 days

  • Vehicle rental - thedti will pay for 100% of vehicle rental for a maximum of 3 days only

5. Financial contribution for foreign buyer to attend a SA National Pavilion at an international trade fair/show

Thedti will provide the following financial assistance to qualifying representatives of international purchasing concerns in order for them to visit a South African National Pavilion organised at an international trade fair/show abroad. This offering is at the absolute discretion of the Director: Export Promotion and by special invitation only.

  • Airfare - thedti will pay 100% of a business/economy class return airfare to an from the buyer's home country and the pavilion

  • Subsistence allowance - thedti will pay a subsitence allowance of US$200/day for a maximum of 2 days

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Step 9: more information

Step 9: Obtaining finances/resources for your exports
      Bank financing
      Payment methods as a means of financing
      dti EMIA incentives
            Definitions and terminology
INDIVIDUAL PARTICIPATION INCENTIVE SCHEMES
            Individual Exhibitions (IE)
            Individual Inward-bound Mission (IIBM)
            In-store promotions (IP)
            Primary Market Research (PMR)
GROUP PARTICIPATION INCENTIVE SCHEMES
            Group Inward Buying Trade Missions (IBM)
                  .Types of group missions
                  .Who qualifies for group missions
                  .Steps involved in applying for assistance
                  .Claims procedures
                  .Supplementary information
                  .EMIA contact details
                  .Corresponding with EMIA
                  .Preferred Service Providers
            National Pavilions (NP)
      Payment terms and export financing
      Pricing as a means of financing
      Export receivables
      Foreign currency loans
      Alternative sources of financing

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More information on Step 9
Learning to export... The export process in 21 easy steps
Step 1: Considering exporting
Step 2:Current business viability
Step 3:Export readiness
Step 4:Broad mission statement and initial budget
Step 5:Confirming management's commitment to exports
Step 6: Undertaking an initial SWOT analysis of the firm
Step 7:Selecting and researching potential countries abroad
Step 8: Preparing and implementing your export plan
Step 9: Obtaining financing for your exports
Step 10: Managing your export risk
Step 11: Promoting the firm and its products abroad
Step 12: Negotiating and quoting in exports
Step 13: Revising your export costings and price
Step 14: Obtaining the export order
Step 15: Producing the goods
Step 16: Handling the export logistics
Step 17: Export documentation
Step 18: Providing follow-up support
Step 19: Getting paid
Step 20: Reviewing and improving the export process
Step 21: Export Management
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