Progress has been made in the development of a regional investment policy framework for the Southern African Development Community (SADC), with finalisation expected by the end of year.
Online newspaper, the Southern Times, points out that the framework sets out to strengthen the investment environment in South Africa.
The Trade, Industry, Finance and Investment (TIFI) Directorate at the SADC secretariat said in its annual report that the investment policy framework was aimed at harmonising investment policies and regimes in order to improve the investment climate in the region, working with four pillars of tax incentives, infrastructure investment, foreign direct investment restriction and legal protection.”
Southern Times noted that the mining, tourism, energy and agriculture sectors all held potentially fruitful investment opportunities.
The SADC Investment Policy Framework is being developed under the Regional Economic Integration Support (REIS) programme, and is funded by the European Union.
