One of the initiatives to help strengthen the relationship between government and the private sector is Invest SA. This is an initiative which aims to reduce the regulatory burden for local and foreign investors.
The Invest South Africa One Stop Shop (InvestSA OSS) has recently been launched. Based at the Department of Trade and Industry (DTI) offices in Pretoria, this new DTI-led initiative is aimed at boosting much needed international investment in South Africa.
The programme will enable investors to use a centralised, single centre to obtain all required services and information. InvestSA OSS has been established to make it easier for investors to do business in South Africa by significantly shortening and simplifying administrative procedures and guidelines for the issuing of business approvals, permits and licences.
The DTI not only promotes trade and inward investment, but also recognises the importance of building trade and investment relations. By establishing collaborative agreements with existing trading partners and with fast-growing emerging markets, the DTI encourages exports, thus promoting much-needed global growth for the development of the South African economy.
These are just some of the ways in which the DTI promotes investment in South Africa:
export marketing incentives
assisting foreign investors with business permit applications
provision of reliable information to investors
assisting investors to locate suitable premises
assisting investors to access project and operational finance
Numerous investment incentives and industrial financing interventions aimed at encouraging commercial activity are in place to promote further expansion of international trade with South Africa.
To read more about these DTI incentives, go to www.dti.gov.za
Should you require further information, advice or assistance on this topic, feel free to contact our offices.