Date project started:
Aim of project and outcomes
Motivation of UDZ extension beyond 2020 and documenting case studies.
Brief description of project
Contextual analysis of Focus Area and motivation for extension period and leverage investment within this zone, example:
- Portside building development built at a cost of R1.6 billion, the owners were able to write off 20% of the building costs in year one and 8 % a year in the remaining 10 years for income tax purposes.1
1 The UDZ and developers
Bellville/Parow Urban Development Zone as Approved February 2013.