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.
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