Picture Provived : ANA

Business In The News South Africa

President Zuma to launch investment boosting facility in KZN

JOHANNESBURG, November 14 – President Jacob Zuma will over the weekend launch the KwaZulu-Natal InvestSA One Stop Shop in Durban.

 

 

 
One Stop Shops are the South African government’s response to coordinate and streamline its services under a single structure or facility in a bid to provide prompt, efficient and transparent services to investors.

 
The primary aim of provincial One Stop Shops is to co-ordinate and incorporates special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters.

 

 

 
The establishment of the InvestSA One Stop Shop initiative is one of government’s effort to improve business environment by reducing the bureaucratic red tape, lowering the cost of doing business and improving the ease of doing business in South Africa in order to create a sustainable and competitive economy.

 

 

 
In March, Zuma launched the national One Stop Shop in Pretoria and officiated over the official opening of the first provincial InvestSA One Stop Shop in the Western Cape in September.

 

 
The Western Cape One Stop Shop facility houses 14 partners, including national, provincial and local government departments, to facilitate easier access to the South African market for investors.

 

 

 
From permits to water or electricity services, tax issues, licensing – One Stop Shops are geared to make it easy for an investor to get all these services under one roof.

 

 

 
KwaZulu-Natal and Gauteng were earmarked to launch their provincial InvestSA One Stop Shops later this year.

 

 

ANA

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