Zuma endorses SA efforts to attract investment
The Department of Trade and Industry will in the next few months launch a national one-stop-shop that will be responsible for issuing permits, licences and registering new businesses, President Jacob Zuma said in a written reply to a parliamentary question.
Cope MP Deirdre Carter asked Zuma whether government has started efforts to remove red tape and make South Africa more business-friendly.
In his reply, Zuma elaborated on a number of initiatives government has started to promote investment in the country.
Besides the imminent one-stop-shop, Finance Minister Pravin Gordhan and Jabu Mabuza, president of Business Unity South Africa, have established a task team and working groups in which government and business participate to strengthen the trust between these two parties and to identify blockages to production and employment.
Zuma said the task team has looked at how to improve the systems and capacity for assessing the impact of proposed and existing regulations on growth, investment and employment.
Other measures include reducing delays and unnecessary red tape around authorisation needed for investments, and working towards improving regulation and reducing the burden of importing core and critical skills needed for the economy.
Zuma said he is pleased with recent investments into South Africa, such as:
- a new Toyota manufacturing plant in Durban for Hilux and Fortuner vehicles that translated into an investment of more than R6bn;
- a new BMW body shop for the manufacturing of next generation BMW X3-series vehicles at the company’s Rosslyn plant in Gauteng;
- a new Dursots and All Joy Tomato processing plant to the value of R100-million near Tzaneen, which will allow 15 black emerging partners to be part of the value chain;
- a factory in Ekurhuleni to the value of R1-billion that will be utilised to manufacture trains for the Passenger Rail Agency of South Africa; and
- a new cable production line in Pietermaritzburg that will produce cables for the locomotive build programme.
South Africa remains an attractive investment destination and government is committed to improving our investment climate, said Zuma.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation