The President, on 17 March, officially launched the Invest South Africa One Stop Shop (Invest SA OSS) in Pretoria. Its aim is to provide strategic guidance, reduce regulatory inefficiencies, and reduce red tape for all investors looking to invest in South Africa.
According to the Trade and Industry Minister the OSS will be the focal point of contact in government for all investors and will significantly shorten and simplify administrative procedures and guidelines for the issuance of business approvals, permits and licences, thereby removing bottlenecks faced by investors in establishing and running businesses in the country. Then, he considers South Africa as one of the most sophisticated, diverse and promising emerging markets globally. Government is committed to ensuring ease of investment in the country by cutting red tape and by making South Africa a more business-friendly destination for investors.
The OSS is envisaged to co-ordinate Provincial OSS investment centres incorporating the special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters.
The Invest SA OSS is a government programme to prioritise and promote investment in South Africa. Invest SA One Stop Shop will be housed on the Department of Trade and Industry (the dti) Campus in Pretoria.