Govt to launch investment centre in Gauteng

The government is set to launch a provincial InvestSA One-Stop Shop (OSS) in Gauteng in a bid to attract investment in the province, the Department of Trade & Industry (DTI) said on Monday

The DTI said that the objective of the provincial InvestSA OSS was to provide professional advisory services and reduce regulatory inefficiencies and red tape for investors looking to invest in Gauteng.

The Gauteng InvestSA OSS will be launched by Minister Rob Davies and Gauteng Premier David Makhura on Tuesday in Sandton.

It is a presidential programme to promote and facilitate investment in South Africa.

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Davies said that the “one-stop shop” investment centres that were being rolled out in all the provinces will be used to coordinate 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 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,” Davies said.

“The launch will strengthen coordination in the three metros and economic corridors in the province, together with other departments and agencies, under one roof.”

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Gauteng is the leading sub-national destination for foreign direct investment into the African continent.

 – African News Agency