Zuma launches “one stop shop” to facilitate foreign investment

President Jacob Zuma realised one of his presidential prerogatives on Saturday when he launched a one-stop shop to encourage more foreign and local investment in KwaZulu-Natal.

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The InvestSA one stop shop is geared towards providing investors with services to fast-track projects and reduce government red tape when establishing a business.

November 18, 2017. President Jacob Zuma at the launch of the KZN Invest SA One Stop Shop in Durban. Picture: THULI DLAMINI

One stop shops – which house government entities like SARS‚ Home Affairs‚ Environmental Affairs‚ Eskom and the Companies and Intellectual Properties Commission under one roof – have already been rolled out in Gauteng and the Western Cape.

November 18, 2017. President Jacob Zuma at the launch of the KZN Invest SA One Stop Shop in Durban. Picture: THULI DLAMINI

KZN MEC for Economic‚ Development‚ Tourism and Environmental Affairs Sihle Zikalala said government was doing away with red tape and “rolling out the red carpet for investors to ensure economic development”.

November 18, 2017.KwaZulu-Natal Premier Willies Mchunu, President Jacob Zuma and Deputy Minister for Trade and Industry, Bulelani Magwanishe at the launch of the KZN Invest SA One Stop Shop in Durban. Picture: THULI DLAMINI

Zuma told the Durban business community attending the launch at the International Convention Centre that investment promotion was critical for South Africa’s economy.

November 18, 2017. President Jacob Zuma at the launch of the KZN Invest SA One Stop Shop in Durban. Picture: THULI DLAMINI

“For us to be able to draw in new investments we need to create a conducive environment. It is for that we have InvestSA.”

November 18, 2017. MEC Sihle Zikalala, Deputy Minister for Trade and Industry, Bulelani Magwanishe, President Jacob Zuma,KwaZulu-Natal Premier Willies Mchunu and eThekwini Mayor Zandile Gumede at the launch of the KZN Invest SA One Stop Shop in Durban. Picture: THULI DLAMINI

He said that he believed the one stop shops would further enhance South Africa’s attractiveness for foreign investment.

“We are doing this not only for investors but also for our people because they deserve good governance and effective service delivery.”

By: Suthentira Govender – TimesLIVE

Source: TMG Digital.


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