Johannesburg – South Africa's local film industry is becoming a serious economic player, having contributed R5.4bn to the gross domestic product (GDP) during the 2016/17 financial year.
This is according to an Economic Impact Assessment study commissioned by the National Film and Video Foundation (NFVF). The findings were released on Wednesday, at the Nelson Mandela Foundation.
“We are not just here to entertain and influence society. We are here to contribute to economic growth in this country… We do not always want to be a sector begging for soft money,” said Zama Mkosi, chief executive of the NFVF.