JOHANNESBURG– The South African government is set to launch a provincial InvestSA One Stop Shop (OSS) in Gauteng, the country’s most developed province, in a bid to attract investment to the province, the Department of Trade and Industry (the DTI) says.
The DTI said here Monday that the aim of establishing the provincial InvestSA OSS is to provide professional services to all investors through specialist advice, reduced regulatory inefficiencies and reduced red tape for investors looking to invest in Gauteng.
The Gauteng InvestSA OSS will be launched by the Trade and Industry Minister Dr. Rob Davies, together with Gauteng Premier David Makhura in Sandton, Johannesburg, Tuesday. The InvestSA OSS is a residential initiative to promote and facilitate investment in South Africa.
Davies says that the provincial One Stop Shop which is being rolled out in all provinces will be used to co-ordinate and incorporate the special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters.
Gauteng Province is an economic hub for South Africa’s investment opportunities abound in a number of sectors of the economy and hosts major multi-national companies that are increasing their investment in South Africa, adds Davies.
The launch will strengthen coordination in the three metros and economic corridors in the province together with other departments and agencies under one roof.
Gauteng, which contains the country’s national administrative and financial capitals — Pretoria and Johannesburg — is a leading sub-national destination for foreign direct investment into the African continent.’
Source: NAM NEWS NETWORK