Invest SA and the World Bank will host a three-day foreign direct investment (FDI) strategy consultation and capacity building workshop in Sandton this week.
The event will engage with sub-national investment promotion agencies, special economic zones and industrial development zones, and government stakeholders in order to further build a strategic approach to attracting more FDI into the country.
According to the Department of Trade and Industry (dti), this approach will be based on international best practice and will leverage on a strategic institutional framework, learn from local experience and expertise, and strengthen South African investment promotion practitioners.
“The exercise will further yield an integrated investment strategy for South Africa that is key to the investment life cycle and the president’s investment mobilisation drive of R1.2 trillion over five years,” according to the dti.
During the workshop, the World Bank will support Invest SA by providing analyses of policies impacting on FDI, institutional, legal and regulatory barriers to FDI and a review of industry sector plans.
It is expected to show South Africa’s competitive advantages in attracting different types of FDI.
