GROWTH STIMULATION
How global success of one-stop shops for investors can lift SA
Co-operation will spread the word about incentives and help ensure there are no problems after investment
There was a fanfare for President Jacob Zuma when he was in Cape Town recently to launch a new one-stop shop for investors. The aim is simple: to gather together all those in the government who could slow down an investment decision and get them to work together to fast-track the process. A similar initiative was launched earlier in 2017 by the president at the Department of Trade and Industry campus in Pretoria. These are positive developments, in line with what has been done by those other countries that successfully stimulated growth and foreign direct investment. Leaders in Singapore and Hong Kong have made doing business in their countries considerably easier than it was in the past. South Africans should not need to be reminded that when we work to attract investors, they often have a wide choice of locations to choose from and, if the barriers and red tape in our country are too onerous, can easily opt to place their new plant or other facilities elsewhere. The recent release...
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