Investors and businesses in Africa across the globe are gearing up to set-up shop in the province.
This comes after the Minister of Trade and Industry, Rob Davis and Premier David Makhura launched the InvestSA Gauteng One Stop Shop on Tuesday, 10 April 2018, at the Gauteng Investment Centre in Sandton.
The InvestSA Gauteng One Stop Shop is aimed at removing bottlenecks faced by investors interested in doing business in Gauteng, making it the third in the country to be launched after Kwa-Zulu Natal and the Western Cape.
The One-Stop-Shop will provide specialist advisory services to investors on the economy, regulations, legal and compliance environment including industrial development and financial support. It will also guide investors on possible investment opportunities.
Minister Davis said that the launch of the InvestSA Gauteng One Stop Shop is part of President Cyril Ramaphosa’s priority to improve service delivery to all investors in and coming into the country.
“This is a partnership from National government into the provinces and an excellent model of inter-governmental collaboration between the 3 spheres of government.
“Key regulatory and administrative departments and agencies will be in a single location to provide a service to investors. The One Stop Shops will be the focal point of contact for all investors who want to work with government.
The facility will coordinate and facilitate with the relevant government departments involved in regulatory, registration, permits and licensing,” said Minister Davis.
This kind of innovative service is not the first for the Gauteng province. In 2013, the Gauteng government launched Gauteng Invest Centre (GIC), offering similar services as the InvestSA One Stop Shop.
However, the GIC has now been upgraded to a national level. Equipping it with all government departments and agencies that were not on board in the last five years of operation, as well as brining municipalities into the table.
Premier Makhura said that the availability of all government services in one building will increase the levels of investment in the province, especially Foreign Direct Investment (FDI).
“This one-stop-shop is coming into what has already been the GIC…which between 2014 and the end of 2017, has attracted over 200 FDI projects…which pumped over R69-billion into the province’s economy for that period.
“The upgrade of the GIC into InvestSA Gauteng One Stop Shop gives it much greater value that we have had before and I can see we are going to do extremely well, especially with all the value add and technology brought here,” said Premier Makhura.
In addition, Premier Makhura said that the one-stop-shop will not only service foreign investors, but local investors too.
“Services will also be available for South African companies interested in Intra-Africa Trading. The key outcome we are tracking is employment creation and partnerships with local businesses as part of our transformation strategy,” said Premier Makhura.