Cabinet has welcomed President Cyril Ramaphosa’s appointment of four special envoys on investment to engage both domestic and foreign investors around economic opportunities in South Africa.
Addressing a post Cabinet media briefing in Cape Town, Communications Minister Nomvula Mokonyane explained that these envoys are mandated to attract investment in a focused and cost-effective manner.
“The investment drive will culminate in a major investment conference towards the end of the year to raise more than R1 trillion in new investments over five years,” the Minister said on Thursday.
The President’s special envoys on investment include finance heavyweights such as former Finance Minister Trevor Manuel, former Finance Deputy Minister Mcebisi Jonas, the executive chairperson of Afropulse Group, Phumzile Langeni and chairman of Liberty Group and former CEO of Standard Bank Jacko Maree.
Through the investment drive, which will culminate in an Investment Conference in August or September 2018, the investment envoy will see to it that concrete investment opportunities are created.
“The Investment Conference, which will involve domestic and international investors in equal measure, is not intended merely as a forum to discuss the investment climate. Rather, we expect the conference to report on actual investment deals that have been concluded and to provide a platform for would-be investors to seek out opportunities in the South African market.
“We are determined that the conference produces results that can be quantified and quickly realised,” said the President when he appointed the advisors earlier this month.
InvestSA One-Stop Shop
Cabinet has also strongly encouraged local and international investors to use the Provincial One-Stop Shop investment facilities being launched around the country, the latest being Gauteng’s One-Stop Shop.
The InvestSA One-Stop Shop is a presidential programme to promote and facilitate investment in South Africa.
Already, the InvestSA One-Stop Shop has been successfully implemented in KwaZulu-Natal and in the Western Cape.
The One-Stop Shop investment centres are being rolled out in all the provinces and will be used to coordinate and incorporate the special economic zones, provincial investment agencies, local authorities and the relevant government departments involved in regulatory, registration, permits and licensing matters. – SAnews.gov.za
