One Stop Shop to benefit City o uMhlathuze economic hub
The One Stop Shop, launched by President Jacob Zuma last Saturday, is housed at Trade and Investment KwaZulu-Natal in Durban and will provide 'strategic guidance, reduce regulatory inefficiencies and red tape for all investors looking to invest in the province'
KZN PREMIER Willies Mchunu says the KZN InvestSA One Stop Shop will go a long way in facilitating foreign direct investment in the province.
The One Stop Shop, launched by President Jacob Zuma last Saturday, is housed at Trade and Investment KwaZulu-Natal in Durban and will provide ‘strategic guidance, reduce regulatory inefficiencies and red tape for all investors looking to invest in the province’.
It will include representatives from the uMhlathuze, eThekwini Metro and uMsunduzi municipalities, as well as the South African Local Government Association (SALGA).
It is set to provide services from SARS, CIPC, Water Affairs, Home Affairs, Trade and Industry and other regulatory entities.
‘Our long-term vision is to become a prosperous province with a healthy, secure and skilled population, acting as a gateway to Africa and the world.
‘As guided by the Provincial Growth and Development Plan, we are focusing on different sectors of the economy such as the maritime sector, drilling of oil and gas and chemical manufacturing.
‘We continue to invite potential investors representing these sectors from other parts of the globe, and directing them to all corners of the province, including the Richards Bay Industrial Development Zone and the Dube Trade Port,’ said the Premier.
Minister of Trade and Industry Rob Davies said the provincial One Stop Shop will assist in the co-ordination and incorporation of special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in matters pertaining to regulations, registration, permits and licensing.
‘South Africa has excellent investment opportunities in all sectors of the economy, as well as a host of investment incentives and industrial financing interventions aimed at encouraging commercial activity.
This includes trade rules that favour further expansion of South Africa’s burgeoning levels of international trade,’ said Davies.
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