*For Immediate Release*
South Africa signs Co-Production treaty MOU with Brazil
The National Film and Video Foundation (NFVF) an agency of the Department of Arts and Culture that was created to ensure the equitable growth of South Africa's film and video industry, is pleased to announce the signing of South Africa’s first Co-Production treaty with fellow BRICS nation, the Federative Republic of Brazil.
The treaty signing which took place at the South African Cultural Week (9-17 September 2018) in Brazil was attended by South Africa’s Minister of Arts and Culture, Mr. Nathi Mthethwa, Minister of Culture in Brazil, Mr. Sergio Sa Leitao, NFVF Acting CEO, Mr Shadrack Bokaba and South African Ambassador to Brazil, Ambassador Mashimbye, amongst others.
The journey towards the signing of the treaty has been a lengthy process which was initiated in 2014, led by the NFVF and Brazilian Film Agency, Ancine. Since then, there have been numerous engagements to ensure that the treaty comes into fruition.
The aim of the treaty is to enhance co-operation between Brazil and South Africa in the audio-visual sector and stimulate production activities, which may be conducive to the audio-visual industries of both countries and to the development of cultural and economic exchanges.
South Africa currently has 9 other Co-Production treaties with; Canada (1997), Italy (2003), Germany (2004) the United Kingdom (2007), France (2010), Australia (2010), New Zealand (2011), Ireland (2012), and the Netherlands (2015).
“The Coproduction treaty with Brazil aims to increase the economic growth and competitiveness of the BRICS economies in the global arena and fully entitle all filmmakers to the benefits that are afforded to co-production projects, rebates, and incentives. South Africa will continue to enter into co-production treaties with various countries for the advantage of the industry and as this is the 10th Co-production treaty South Africa has signed, we look forward to more robust engagements and cultural exchanges that will move both the South African and Brazilian industries forward, ” says NFVF Acting CEO, Mr. Shadrack Bokaba