South Africa, Aug. 17 -- The NFVF has approved funding for 268 projects, representing a total investment of R150,493,669.00 and the projected creation of 13,033 jobs across the audiovisual sector. The projected number of jobs to be created through Streams 1, 2 and 3 exceeds the PESP6 target of 11,360 jobs by 1,673 jobs, representing an achievement of approximately 114.7% of the target.

Stream allocations

The approved funding and projected employment opportunities across the three streams are as follows:

Stream 1: Production (Group 2) - Project 1

110 projects

R64,977,833.97 in approved funding

5,154 projected jobs

Stream 2: Skills Development and Training

74 projects

R46,279,381.25 in approved funding

3,294 projected jobs

Stream...