The President of the Republic of South Africa, Mr Jacob Zuma will officially launch the InvestSA One Stop Shop – KwaZulu-Natal (Invest SA OSS) on 18 November 2017 at the Inkosi Albert Luthuli International Convention Centre. The aim of the provincial Invest SA OSS is to provide strategic guidance, reduce regulatory inefficiencies, and reduce red tape for all investors looking to invest in KwaZulu-Natal.
The process leading to the launch has been an excellent example of collaboration between different levels of government, with the centre to be jointly operated by the Department of Trade and Industry (the dti) with the Provincial government and KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs.
Minister of Trade and industry, Dr Rob Davies says that the value-proposition for the Provincial One Stop Shops is the co-ordination and incorporation of the special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters.
“South Africa has excellent investment opportunities in all sectors of the economy and a host of investment incentives and industrial financing interventions that are aimed at encouraging commercial activity and, trade rules that favour a further expansion in South Africa’s burgeoning levels of international trade,” says Davies.
The Premier of KwaZulu-Natal, Mr Willies Mchunu says this facility will assist in facilitating foreign direct investment. “Our long term vision is to become a prosperous province with a healthy, secure and skilled population and acting as a gateway to Africa and the World. As guided by the Provincial Growth and Development Plan, we are focusing on different sectors of the economy such as ICT, maritime, drilling of oil and gas and chemical manufacturing. We continue to invite potential investors representing these sectors, from other parts of the globe, and directing them to all corners of the province including the Richards Bay Industrial Development Zone and the Dube Trade Port,” Mchunu points out.
President Jacob Zuma formally announced the establishment of InvestSA in the State of the Nation Address and also informed business leaders of the initiative in February 2016. Business people had informed government on many occasions of the difficulties and delays they incur when having to move from one department or institution to another to obtain licences and other services and government has responded through this initiative.
The InvestSA OSS is a government programme to prioritise and promote investment in South Africa. The National Invest SA One Stop Shop is housed at the the dti Campus in Pretoria.
Jointly issued by the Department of Trade and Industry (the dti), the KwaZulu-Natal Provincial Government and KwaZulu-Natal Economic Development and Tourism.