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ZING Entertainment is a specialized vehicle that provides a bouquet of financial services to the Film
and Television Industry in South Africa. The ZING Products range from Advisory, Equity Production and Acquisition Finance, Capital Guarantees and Discounting & Bridge. Iceburg Investments 508 (Pty) Ltd trading as ZING Entertainment is a specialized vehicle that provides a bouquet of financial services to Creative Industry in South Africa focusing on Film, Television, Theatre and the Visual Arts Industry. The ZING Products range from Advisory, Equity Production and Acquisition Finance, Capital Guarantees and Discounting & Bridge. The ZING BOUQUET provides a diverse range of tailor made turnkey financial solutions for both local and International Producers who can create and produce their cultural products in South Africa. ZING’s main objective is to support the creation, growth and development of the South African Creative Arts Industry. It intervenes by means of risk capital and guarantee instruments, using either its own funds or those available within the framework of incommandite partnerships entrusted to it both by institutional and private investors. ZING aims to play a catalytic role to attract private sector finance to Creative Arts investments. It will optimise the impact and benefit of Government Incentives such as the Department of Trade & Industry’s (DTI) Film and Television Rebate, and Section 24F of the Income Tax Act and the like. The tailor made ZING solutions are designed to support the building of a sustainable Creative Arts Industry, whilst geared to contribute to the acceptance of investment in Creative Arts products as a viable asset class by the financial sector at large. As a majority black owned company ZING is committed to transformation and the development of Small and Medium-sized Enterprises (SMEs) in the South African Film and Television Sector. ZING’s interventions are fully integrated in the Government strategy which aims to equip the country at large with an increasingly innovate and competitive economy via high quality job creation. ZING acts independently and commercially under market conditions in accordance to its various mandates and partnerships targeting appropriate returns for its stakeholders. ZING is committed to the diffusion of best market practices. |
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