South Africa creates inter-ministerial committee to support investors

South African President Jacob Zuma has established an Inter-Ministerial Committee designed to improve support and help investors, the presidency said on Tuesday.

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South African President Jacob Zuma (Front) responds to parliamentary questions in Cape Town, South Africa, on Nov. 19, 2015. South Africa engages with all the role players in the Palestinian-Israeli conflict with concerns over the future of Palestine, President Jacob Zuma said during his responding to a parliamentary question about the signing of an agreement between the leadership of Hamas and South Africa's ruling African National Congress (ANC) party in October. (Xinhua/Elmond Jiyane)
South African President Jacob Zuma (Front) responds to parliamentary questions in Cape Town, South Africa, on Nov. 19, 2015. South Africa engages with all the role players in the Palestinian-Israeli conflict with concerns over the future of Palestine, President Jacob Zuma said during his responding to a parliamentary question about the signing of an agreement between the leadership of Hamas and South Africa's ruling African National Congress (ANC) party in October. (Xinhua/Elmond Jiyane)

The committee, chaired by Zuma with the assistance of Minister of Trade and Industry Rob Davies, aims to provide “clarity and certainty” to investment in South Africa and improve the investment climate, in particular, the ease of doing business in the country, said presidential spokesperson Bogani Majola.

Jacob Zuma
Jacob Zuma
The move came amid growing calls for the government to reduce red tape and bottlenecks that trouble investors.

In a Presidential Business Working Group meeting held in August last year, Zuma announced an InvestSA approach and a One Stop Shop (OSS) concept to simplify the regulatory framework for investment. The two initiatives will be launched later this year.

The Inter-Ministerial Committee will coordinate the roll-out of the OSS across all levels in the government for fighting red tape, Majola said. Enditem

Soure: Xinhua

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