Trade and Investment Business Breakfast at InvestSA One Stop Shop Gauteng
In 2018, with the advent of the ‘New Dawn’ under the leadership of President Ramaphosa, South Africa has experienced improved business and investor confidence, with the country having been identified as the key emerging market for 2018 and beyond. There is evidence of significant foreign investor interest in the country, stemming from raised hopes of higher economic growth, restoration of good governance within State Owned Entities and public finances amongst other things. The picture with domestic investors is equally as positive.
From a Gauteng City Region perspective, between January 2011 and December 2016, the provincial economy attracted a total of 460 foreign direct investment projects worth R150 billion. As a provincial government, we are doing everything within our powers to promote Gauteng as an investment destination of choice and facilitate export-led growth. It is one of the reasons why we have this facility, Invest SA One Stop Shop Gauteng, in order to ensure that all trade and investment activities are conducted in an efficient, predictable, transparent and effective manner in line with what is global best practice in terms of norms, standards, technologies etc.
The Minister of Trade and Industry, Dr Rob Davies and Gauteng Premier, Mr David Makhura launched the Gauteng InvestSA One Stop Shop (OSS) in Sandton. The objective of the provincial InvestSA OSS is to provide professional service to all investors through specialist advisory, reduce regulatory inefficiencies, and reduce red tape for investors looking to invest in Gauteng.
“Since we launched the National One Stop Shop in March 2017, we have hosted 624 investor consultations. As per these interactions, 21 regulatory issues were escalated to the relevant departments and subsequently unblocked. This facilitation and aftercare service has contributed to operationalising, expansion and committed investments,” said Davies.
Gauteng Growth and Development Agency © 2017 GGDA