LAW Sacci Warns on Creativity Rights Entertainment Film Industry Has 25 000 Jobs Trade Poland and SA Work Together Broadcast Ntshingila Quits at SuperSport

Cape Times (South Africa), October 18, 2013 | Go to article overview

LAW Sacci Warns on Creativity Rights Entertainment Film Industry Has 25 000 Jobs Trade Poland and SA Work Together Broadcast Ntshingila Quits at SuperSport


The potential effect on investor confidence of amendments to intellectual property legislation had to be heeded, the SA Chamber of Commerce and Industry (Sacci) said yesterday. "This is because intellectual property is by its very nature forward-looking, and needs to continue to consider future scenarios," Sacci said. "So whereas it may seem tempting to impose restrictions on intellectual property rights due to public interest considerations, any such intrusion is likely to significantly damage the origination of future intellectual property in South Africa." This in turn would mean that the country could lose out on investment, job creation, technologies, and business opportunities associated with the life cycle of intellectual property creation. It welcomed the draft national policy on intellectual property in principle, because it was necessary to have a discussion on the long-term plans for intellectual property. - Sapa

Over 25 000 full-time equivalent jobs have been created, 60 films were shot in the country last year and the film industry is now estimated to contribute R3.5 billion annually to the national economy. According to the National Film and Video Foundation, the film industry in Cape Town earned an economic multiplier of 2.89 as 2 500 direct service providers have been contracted to it. Cape Town is now responsible for the lion's share of both local and international film production. International advertisements that have been shot in Cape Town this year include Virgin Atlantic's "Superhero kids will fly on Virgin Atlantic" and Samsung's "King of TV City". …

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