The aim of the Invest South Africa One Stop Shop is to provide strategic guidance, reduce regulatory inefficiencies and reduce red tape for all investors looking to invest in South Africa.
Minister of the Department of Trade and Industry (DTI) Rob Davies says the Invest South Africa One Stop Shop 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 issuing 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.
Furthermore, Davies notes that South Africa has abundant investment opportunities in all sectors of the economy. He says a host of investment incentives and industrial financing interventions that are aimed at encouraging commercial activity will favour a further expansion in South Africa’s burgeoning levels of international trade.
“The dti aims to increase South Africa’s export capacity and support direct investment flows. As a department, we have recognised that the Invest SA One Stop Shop has the potential to boost investment in South Africa and encourage beneficial environments for investors and exporters via investor-friendly policies and incentives,” says Davies.
He adds that the Invest South Africa One Stop Shop will further serve to co-ordinate provincial One Stop Shop 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 South Africa One Stop Shop is a government programme to prioritise and promote investment in South Africa. Invest South Africa One Stop Shop will be housed on the dti Campus in Pretoria.