Inter-Ministerial Committee on Investment Promotion Appointed
President Jacob Zuma has established an Inter-Ministerial Committee to improve support and assistance to investors wishing to take advantage of the vast investment opportunities in the country.
During the State of the Nation Address of 12th February 2015, President Zuma announced a Nine Point Plan to ignite growth and development. He also announced the establishment of an inter-governmental clearing house to support investors. This followed requests to government by investors who have called for a reduction of red tape and bottlenecks and for government to make South Africa more investor-friendly. Most potential investors complain about the time they have to spend visiting different government departments and institutions to fulfil regulatory requirements and the need to simplify the regulatory framework, among others.
In the last Presidential Business Working Group meeting on Friday, 07 August 2015, the President announced an InvestSA approach and the One Stop Shop (OSS) concept, and work has begun towards the establishment of the critical service. The Minister of Trade and Industry, Dr Rob Davies, has created a division at the dti to focus on investment promotion, facilitation and aftercare. Minister Davies is also adding capacity to the facilitation and aftercare unit to create a Clearing House and to roll out One Stop Shops in all Provinces. Investors are encouraged to contact the dti for the pilot service. more
The President Launches the InvestSA One Stop Shop KwaZulu Natal on the 18th of November 2017.
The InvestSA one stop shop is geared towards providing investors with services to fast-track projects and reduce government red tape when establishing a business.
One stop shops – which house government entities like SARS‚ Home Affairs‚ Environmental Affairs‚ Eskom and the Companies and Intellectual Properties Commission under one roof – have already been rolled out in Gauteng (the National office) and the Western Cape. to find out more about the InvestSA-KwaZulu Natal One Stop Shop visit http://www.tikzn.co.za/investsa
The Ribbon cutting
In the picture below is Department of Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala, Deputy Minister of Trade and Industry Bulelani Magwanishe, HE President Jacob Zuma, KwaZulu Natal premier Willies Mchunu and eThekwini Mayor Zandile Gumede
Pic: by Tumelo Lushaba
In his speech, the President noted that “The promotion of investment would be crucial for the economy and added that the Invest SA One Stop Shop and the services that it provides would make South Africa more appealing for future investment. “The establishment of these new services should assist to further enhance our country’s attractiveness as an investment destination,” he said.
The President Launches the InvestSA Ones Stop Shop Western Cape on the 8th of September 2017.
(in the pic – President Jacob Zuma, acting Premier of Western Cape Allen Winde, Deputy Minister Magwanishe and City of Cape Town Mayor Ms Patricia De Lille lauching the One Stop Shop). President Jacob Zuma taken on a tour of the new Invest SA One Stop Shop- Western Cape during its launch in Cape Town.
(in the pic – President Zuma, acting Premier of Western Cape Allen Winde, Deputy Minister Magwanishe and City of Cape Town Mayor Ms Patricia De Lille launching the InvestSA One Stop Shop Western Cape). President Jacob Zuma being taken on a tour of the new Invest SA One Stop Shop- Western Cape during its launch in Cape Town.