The UK and South Africa entered into a new television co-production agreement on 7 July 2016. The agreement expands on, and complements, the existing Film Co-Production Treaty.
What does the new television co-production agreement mean for the television sector?
The new co-production agreement represents an exciting opportunity for television production companies. Television projects will be recognised as domestic in both countries which will mean access to:
- A higher rate production rebate of up to 25% in South Africa
- The High End, Animation and Children’s Television Tax Relief offered by the UK (for example, a rebate of up to 25% for scripted television projects with a minimum core expenditure of £1 million per broadcast hour).
This collaboration is being hailed as a welcome step towards strengthening and formalising the well-established existing relationships between UK and South African television production companies. Both countries have catered to high profile television shows in the past and offer skilled crews, excellent studio facilities and a mix of world-renowned and undiscovered locations.