For the purpose of—
| (a) |
regulation 3.2(b), an "industry cluster"— |
| (i) |
involves a concentrated subset of industries interconnected by a flow of purchases and sales that are stronger than the rest of the economy; and |
| (ii) |
entails linkages throughout the value chain, from suppliers to end producers as well as support and specialised infrastructure; |
| (b) |
regulation 3.2(c), the value-added shall be determined in accordance with the formula— |
Gross Project Receipts – Material Inputs
Gross Project Receipts
where—
| (i) |
"gross project receipts" include all gross income other than income from investment and finance (such as interest, dividends, sales of financial instruments, and currency transactions); and |
| (ii) |
"material inputs" include the direct cost of all raw materials, intermediate products, energy and water used to produce gross project receipts; |
| (c) |
regulation 3.3(a), a business will not qualify as a small, medium or micro enterprise where— |
| (i) |
more than 200 full-time employees are formally employed by that business; or |
| (ii) |
the annual turnover of that business exceeds R50 million; and |
| (d) |
regulation 3.4, jobs created from indirect employment will be determined as jobs added due to the increased sale of goods and services directly acquired by the project. |
Housing Development Agency Act, 2008
