South African Cultural Observatory

Nigeria Grants some creative industries tax break

BY 01.09.17

NIGERIA: THE Nigerian federal government has granted 'Pioneer Status' to the creative industry, in a landmark move aimed at transforming the industry to a creative economy and creating jobs. In a statement at the end of August 2017, the Minister of Information and Culture, Lai Mohammed, said the decision to grant the industry 'Pioneer Status' is in fulfilment of the promise made by the Acting President, Yemi Osinbajo, at the opening of the Creative Industry Financing Conference in Lagos 17-18 July 2017. The 'Pioneer Status' is granted to companies making investments in qualifying industries and products as tax holiday from the payment of corporate income tax and withholding tax on dividend from pioneer profits for an initial period of three years, extendable for one or two additional years. Read more.

Nigeria ready for creative industry investments

NIGERIA: The Nigerian Minister of Information and Culture, Alhaji Lai Mohammed, has said Nigeria was ready to receive investors in the creative industry, having created the enabling environment for investments through favourable economic policies. He sais this when he received a delegation from Huaxia Movie Distribution Group, the second biggest movie distributors in China, on a courtesy visit to his office. “We have a very determined administration  that believes in diversification. We have been preparing ourselves to  sanitize the market so we are tackling the issue of piracy. Our programme on digitization is moving very well. So this is the  right time for anybody to really come and invest in Nigeria,” he said,  adding that the Chinese investors have come on the cusp of a revolution in the Creative Industry.  Alhaji Mohammed welcomed the Chinese movie group’s proposal to invest  in some critical aspects of the Creative Sector, including the  establishment of cinema houses, studios and exhibition centres. In his remarks, the Chief Executive of Huaxia Movie Distribution Group, Mr. Wei Bian, said his company wants to be part of the future of Nigerian movie industry, because of its bright prospect not only in Africa but on the world stage. Read more.

 

Creative Workers Claim to be Happiest at Work

UNITED STATES: Staffing firm Robert Half finds that creative employees are happier at work than those in more traditional industries, although ‘buttoned up’ industries can be incubators of happiness, too. A recent survey by staffing firm Robert Half’s found more than 12,000 U.S. and Canadian workers in creative positions reported the highest levels of on-the-job satisfaction and interest in their work, compared to employees in the accounting and finance, administrative, legal and tech fields. “Creatives like their jobs more because that’s the direction they are taking with their career,” Synoga said. “Other people in finance jobs and similar fields may have fallen into the jobs instead of having a really guided point to what they wanted to do.” Company culture is a big part of happiness, too. In a separate survey, The Creative Group, a smaller marketing division of Robert Half, asked 400 U.S. marketing and creative employees to describe their office culture in one word. Creative workers said their culture is friendly, family and diverse. Read more.

World Conference on Creative Economy World Conference on Creative Economy

INDONESIA is planning to hold the first ever “World Conference on Creative Economy” (WCCE), involving stakeholders and representatives from governments, private sectors, think-tanks, civil society, international organizations, as well as media and experts in the creative economy.

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Lagos home of new BBC burea Lagos home of new BBC burea

OVER 100 new jobs have been created in Nigeria in part of the British Broadcasting Corporation's (BBC) biggest expansion since the 1940s. BBC is investing in the Nigerian television market - and in the process ensuring stories focus on young people and women across the whole of West Africa.

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Creative industries grew twice as fast as UK economy in 2015-16 Creative industries grew twice as fast as UK economy in 2015-16

UNITED KINGDOM: The creative industries grew at twice the rate of the wider economy in 2015-16, new British government statistics have claimed. Now worth £91.8 billion in terms of gross value added to the UK, the sector grew by 7.6% over the year, while the economy as a whole grew by 3.5% in the same period.

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Creative Economy Gender Pay Gap Report Illustrates Severity of Wage Imbalance Creative Economy Gender Pay Gap Report Illustrates Severity of Wage Imbalance

SAN FRANCISCO: New data from HoneyBook shows that, simply stated, women creatives need to charge more for their services and match their male counterparts. HoneyBook, the business management platform for entrepreneurs in creative industries, recently released the first-ever report dedicated entirely to the gender pay gap among self-employed creative professionals.

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BASA has appointed current executive producer for the National Arts Festival (NAF), Ashraf Johaardien as the new chief executive of the organisation.

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The creative and cultural economies are one of the fastest growing industries and should be at the centre of national strategic priority to unlock the wider socio- economic participation and inclusivity in the mainstream economy. The impact of commodity-dependent countries like South Africa has refocused attention on the urgency of economic diversification, revitalization and harnessing of human innovation in order to weather the economic storm.

Music in Africa Foundation honors Eric Wainaina Music in Africa Foundation honors Eric Wainaina

Kenyan musician Eric Wainaina was feted with the 2018 Music In Africa Honorary Award at the opening of the Music In Africa Conference for Collaborations, Exchange and Showcases (ACCES) on Thursday night.

Research is the word: What's done, what's to come Research is the word: What's done, what's to come

THE SOUTH African Cultural Observatory has a trove of research. Over the past three years we have generated research reports, monitoring and evaluation reports, a ground-breaking mapping study and more. We are intent on sharing this research widely and ensuring that the sector benefits, empowering through knowledge.

New administrator joins SACO team New administrator joins SACO team

THE South African Cultural Observatory welcomes Rene Derrocks to the team as the incoming new administrator. Rene has eight years’ experience in the tourism marketing environment.

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