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Saturday, 11 February 2017 05:52

Investment promotion to receive a boost

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Government is to open three provincial investment offices in KwaZulu-Natal, Gauteng and the Western Cape, President Jacob Zuma announced on Thursday evening.

InvestSA

“Government has established InvestSA, an investment One Stop Shop nationally and will open provincial centres in KwaZulu-Natal, Gauteng and the Western Cape,” the President said while delivering the State of the Nation Address (SONA) to a Joint Sitting of the National Assembly and the National Council of Provinces in Parliament.

In his address, President Zuma said there should be no undue delays and unnecessary red tape for those seeking to do business with South Africa.

“From issuing licences to visas, we should make it easy to do business in South Africa,” said the President.

InvestSA is a dedicated division in the Department of Trade and Industry, which has been established to focus on investment promotion, facilitation and aftercare.

At a business investor luncheon earlier this week, President Zuma said the national One Stop Shop service for investors will be launched in March 2017.

The three provincial One Stop Shops will be launched by mid-2017.

The One Stop Shops will be the focal point of contact in government for all investors to coordinate and facilitate with the relevant government departments involved in regulatory, registration, permits and licensing services.

InvestSA will provide specialist advisory, intergovernmental coordination, fast track unblocking and red tape reduction in government.

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