And in my opinion the PSA is probably more beneficial to...

And in my opinion the PSA is probably more beneficial to Invictus than the current SEZ.

The PEDPA also provides for Special Economic Zone (SEZ) status for the Cabora Bassa Project which will facilitate a host of fiscal and non-fiscal incentives over the life of the project including legal and fiscal stability, offshore banking, zero capital gains tax, tax holiday periods and 15% corporate rate thereafter.The PSA offer Invictus much more than the SEZ does like:

1. 15 year tax holiday instead of 5
2. Ability to recover all costs prior to sharing of profits
3. 15% uplift on all costs

You would have to crunch the numbers to be absolutely sure which regime would be more beneficial but my guess is the PSA.

Also, 7Seven& posted a link to an example of the formula to work out the PSA sharing percentages. I calculated that it would be 35% for Invictus based upon the example 7Seven& posted.

But when you factor in 1,2 & 3 above it is a lot higher in real terms.