Pretoria - The roll-out of the Special Economic Zones (SEZ) programme will continue, says President Jacob Zuma, as there is a need to improve regulatory efficiency and turnaround times to support investments in South Africa.
The SEZ is aimed at supporting a broader-based industrialisation growth path in South Africa, while helping the country achieve the objectives of the National Development Plan (NDP).
President Zuma was briefing media on Tuesday on the progress made by government thus far in implementing the first year of the Medium Term Strategic Framework (MTSF), based on the Programme of Action (PoA) outlined in the 2015 State of the Nation Address (SONA) in February.
He said this was among the critical points discussed during the meeting of the Presidential Business Working Group (PBWG) last week.
“More importantly, the establishment of an investment facilitation centre or One Stop Shop (OSS) is being implemented to support local and international investments. A pilot has been set up at the Department of Trade and Industry (Dti),” he said.
The President said the centre will improve the Investment Climate and enhance the ease of doing business by identifying bottlenecks, removing administrative barriers, reducing regulatory inefficiencies, setting up norms and standards, improving turnaround times and coordinating and fast tracking all investment enquiries. - SAnews.gov.za
