Is the South African Film Industry Thriving?
The Resurgence of South Africa’s Film Industry
Find out how filmmakers in South Africa film industry are benefiting from over five billion rand investment inflows to produce South African-feature films which not only boost domestic tourism but also create employment opportunities.
The South African film production is steadily and consistently on an impressive rise. The recent investigations show that the foreign investment has risen to R2.52 billion and the estimates of the next five years will be higher than R5 billion. This influx of capital goes a long way is supporting the notion that South Africa is quickly becoming a prime location for international filmmakers. Many international filmmakers find their way to the country due to the beautiful scenery and attractive shooting incentives. Cost effective, the Foreign Film and Television Production Incentive provides a great deal of funding to attract external productions.
The effects on the related context which is local economy here are pretty huge. Every rand invested in film production gives back approximately R2.50 back into the economy. This effect comes as multiplier which stimulates different industries such as hospitality and tourism. In fact, international crews have use more than 59,000 hotel night and spend almost 148 million Rand in the local hospitality industry.
However, the industry is generating employment and skill development for the youngsters in South Africa. I felt that efforts that have been made in future projects that help the next generation filmmaker are come into reality. Over the years, the industry maintains its focus while attracting new entrants as a darling of the global film trade.
Since the apex of the turbulent mid-90’s, the South African movie industry has a positive outlook with increased recognition and exploitation of comparative advantages.
