South Africa eases investor burdens

The Minister of Trade, Industry and Competition, Parks Tau, will on Monday officiate the launch of Invest South Africa’s One-Stop Shop (OSS) in the Northern Cape.

The OSS initiative aims to provide investors with services that fast-track projects and reduce government red tape when establishing businesses.

“The InvestSA One-Stop Shop customer interface serves as the primary gateway through which investors and stakeholders engage with South Africa’s investment facilitation ecosystem,” the Department of Trade, Industry and Competition (the dtic) said in a statement.

It is designed to ensure broad, accessible, and responsive engagement through multiple channels, including South African foreign missions, foreign missions based in South Africa, business chambers, the InvestSA website, social media platforms, direct marketing emails, newsletters, surveys, and targeted domestic and international investment promotion events.

“As in other provinces, the One-Stop Shop facility in the Northern Cape is a collaboration between the dtic, the Northern Cape’s Department of Economic Development and Tourism, the Provincial Investment Promotion Agency, other national, provincial, and local government departments and agencies, traditional leaders, and business associations,” the department said.

The launch coincides with the provincial Investment Conference.

The ribbon-cutting ceremony will take place in the afternoon at the Northern Cape Economic Development, Trade and Investment Promotion Agency in Kimberley.