News / Africa
Zuma to officially launch Invest South Africa One Stop shop
02 Mar 2017 at 10:18hrs | Views
The President of the Republic of South Africa, Mr Jacob Zuma will officially launch the Invest South Africa One Stop Shop (Invest SA OSS) on Friday, 17 March 2017 in Pretoria. The aim of Invest SA OSS is to provide strategic guidance, reduce regulatory inefficiencies, and reduce red tape for all investors looking to invest in South Africa.
The Minister of Trade and Industry, Dr Rob Davies says the OSS will be the focal point of contact in government for all investors. He adds that it will significantly shorten and simplify administrative procedures, and guidelines for the issuance of business approvals, permits and licences, thereby removing bottlenecks faced by investors in establishing and running businesses in the country.
"South Africa is one of the most sophisticated, diverse and promising emerging markets globally. Government is committed to ensuring ease of investment in the country by cutting red tape and by making South Africa a more business-friendly destination for investors," says Davies.
According to Minister Davies, South Africa has investment opportunities abound in all sectors of the economy. He says a host of investment incentives and industrial financing interventions that are aimed at encouraging commercial activity and trade rules, favour a further expansion in South Africa's burgeoning levels of international trade.
"The Department of Trade and Industry (the dti) aims to increase South Africa's export capacity as well as support direct investment flows. As a department, we have recognised that the OSS has the potential to boost investment in South Africa, and will work to encourage beneficial environments for investors and exporters via investor-friendly policies and incentives," says Davies.
He adds that the OSS will further serve to co-ordinate Provincial OSS investment centres incorporating the special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters.
The Invest SA OSS is a government programme to prioritise and promote investment in South Africa. Invest SA One Stop Shop will be housed on the Department of Trade and Industry (the dti) Campus in Pretoria.
Source - APO