South Africa and the UK have managed to cinch up a television co-production agreement aimed at strengthening ties between the two countries creatives to foster collaboration and increase economic growth through the broadcast industries of both countries.
The benefits of the treaty mean that producers will be able to get the same benefits of local productions in each country. British productions will get higher production rebates and South African co-productions have access to the British High-End TV Tax relief , Children’s TV tax Relief or Animation TV Tax relief, in respect to television co-productions.
The SA-UK treaty has already seen success in the production of feature films such as Dredd 3D, Tiger House and The Salvation.
The treaty was signed last Thursday by South Africa’s Department of Arts and Culture and the Department of Culture, Media and Sports along with the British Film Institute.
source: Variety, Screenafrica