The Durban FilmMart will also feature films from South Africa, Zimbabwe, Nigeria, Tunisia, Ivory Coast and Cameroon.
Rushdie has long faced death threats for his 1988 novel The Satanic Verses.
It won the Best Movie in East Africa and the Best Indigenous Language (Swahili) categories.
The 2023 International Booker Prize for Time Shelter is the first win for a Bulgarian novel.
It is not yet clear whether African governments will be able to allocate more cash to the arts.