The opening of the country’s first provincial InvestSA One Stop Shop in the Western Cape will strengthen Cape Town’s efforts to attract investment and create more jobs.
This is according to Cape Town mayor, Patricia de Lille, who said ongoing efforts had seen the City attract R2.7 billion worth of investment in the past financial year alone.
“This success should not just be seen as a boom for Cape Town, but rather as a contribution to the much-needed national goal of attracting investment and jobs in South Africa as a whole,” she said at the opening of the InvestSA facility that will house 14 different departments from national, provincial and local government to assist investors and facilitate easier access to the South African market.
“These results did not come about by chance, but by change and a concerted effort to assure both the domestic and international community that we are open for business.”
De Lille said much of Cape Town’s success to attract investment started with getting the basics rights and making sure that there was sound, clean governance, proper infrastructure and a city government responsive to the needs of residents and businesses.
“Our work to attract more business was amplified and has seen great success since we opened a one-stop-shop for investors in the mayor’s office in 2012 to assist investors with all the information and advice they need about legislative requirements for opening up a business in Cape Town,” she said.
“We are indeed pleased that we will now have a national one-stop-shop with the Western Cape investment office to support our efforts and provide us with greater access to the full might of the relevant national government departments. This access will bring a comprehensive service offering to investors.”
